You are on page 1of 10

Section 1 is about?

a. Title of the code


b. Name of the code
c. Title of the section
d. Name of the section

Sec. 2. Is about?

a. Corporation defined
b. Corporation meaning
c. Corporation revealed
d. Partnership define

Sec. 3. Is about?

a. Section of the corporations


b. Classes of the corporations
c. Classes of corporations
d. Section of corporations

Sec. 4. Is about?

a. Coporations made by special laws or carters


b. Corporations created by special laws or carters
c. Corporations maked by special laws or carters
d. Corporations defined by special laws or carters

Sec. 5. Is about

a. Corporators and incorporaters, stakeholders and members


b. Corporators and incorporaters, steakholders and members
c. Corporators and incorporators, stockholders and members
d. Corporators and friends

Sec. 6. Is about

a. Classification of stocks
b. Classification of shares
c. Classification of corporators
d. Classification of steaks

Sec. 7. Is about

a. Bautista’s shares
b. Batista’s shares
c. Founder’s shares
d. Corporators’ shares
Sec. 8. Is about

a. Additional paid in shares


b. Treasury shares
c. Redeemable shares
d. Non shares stocks

Sec. 9. Is about

a. Additional paid in shares


b. Treasury shares
c. Redeemable shares
d. Non shares stocks

Sec. 10. Is about

a. Number and qualifications of incorporators


b. Number and qualifications of corporators
c. Number and requirements of incorporators
d. Number and friends of incorporators

Sec. 11. Is about

a. Corporate term
b. Corporate length
c. Corporate period
d. Corporate’s life story

Sec. 12. Is about

a. Minimum capital stock required of stock corporations


b. Minimum capital stock required of non-stock corporations
c. Minimum capital stock required of steak corporations
d. Minimum capital stock required of batista

Sec. 13. Amount of capital stock to be subscribed and paid for the purposes of incorporation is at least

a. twenty-five percent (25%) of the authorized capital stock as stated in the articles of
incorporation must be subscribed at the time of incorporation, and at least twenty-five (25%)
per cent of the total subscription must be paid upon subscription, the balance to be payable on
a date or dates fixed in the contract of subscription without need of call, or in the absence of a
fixed date or dates, upon call for payment by the board of directors: Provided, however, That in
no case shall the paid-up capital be less than five Thousand (P5,000.00) pesos.
b. five percent (5%) of the authorized capital stock as stated in the articles of incorporation must
be subscribed at the time of incorporation, and at least -five (5%) per cent of the total
subscription must be paid upon subscription, the balance to be payable on a date or dates fixed
in the contract of subscription without need of call, or in the absence of a fixed date or dates,
upon call for payment by the board of directors: Provided, however, That in no case shall the
paid-up capital be less than five Thousand (P5,000.00) pesos
c. twenty percent (20%) of the authorized capital stock as stated in the articles of incorporation
must be subscribed at the time of incorporation, and at least twenty (20%) per cent of the total
subscription must be paid upon subscription, the balance to be payable on a date or dates fixed
in the contract of subscription without need of call, or in the absence of a fixed date or dates,
upon call for payment by the board of directors: Provided, however, That in no case shall the
paid-up capital be less than five Thousand (P5,000.00) pesos
d. None of the above

Sec. 14. Is about

a. Contents of the articles of incorporation

b. The name of the corporation;

c. The specific purpose or purposes for which the corporation is being incorporated. Where a
corporation has more than one stated purpose, the articles of incorporation shall state which is the
primary purpose and which is/are he secondary purpose or purposes: Provided, That a non-stock
corporation may not include a purpose which would change or contradict its nature as such;

d. all of the above

Sec. 15. Is about

a. Forms of Articles of Incorporation


b. Forms of Sections of incorporation
c. Forms of attributes of incorporation
d. Forms of elements of incorporation

Sec. 16. Is about

a. Amendment of Articles of Incorporation


b. Amendment of Sections of Incorporation
c. Amendment of Attributes of Incorporation
d. Amendment of Elements of Incorporation
Sec. 17. Is about

a. Grounds when articles of incorporation or amendment may be rejected or disapproved. - The


Securities and Exchange Commission may reject the articles of incorporation or disapprove any
amendment thereto if the same is not in compliance with the requirements of this Code: Provided, That
the Commission shall give the incorporators a reasonable time within which to correct or modify the
objectionable portions of the articles or amendment. The following are grounds for such rejection or
disapproval:

b. That the articles of incorporation or any amendment thereto is not substantially in accordance with
the form prescribed herein;

c. That the purpose or purposes of the corporation are patently unconstitutional, illegal, immoral, or
contrary to government rules and regulations;

d. all of the above

Sec. 18. Is about

a. Name of the corporation


b. Corporation’s Title
c. Corporate Name
d. Corporate Registry

Sec. 19. Is about

a. Commencement of corporate existence


b. Commencement of corporate name
c. Commencement of corporate title
d. Commencement of corporate board members

Sec. 20. Is about

a. De facto corporations
b. Corporation by estoppel
c. De jure corporations
d. Non stock corporations

Sec. 21.is about

a. De facto corporations
b. Corporation by estoppel
c. De jure corporations
d. Non stock corporations
Sec. 22. Is about

a. Effects on non-use of corporate charter and continuous inoperation of a corporation


b. Effects on non-use of incorporate charter and continuous inoperation of a corporation
c. Effects on non-use of corporal charger and continuous inoperation of a corporation
d. Effects on non-use of corporate charter and continuous operation of a corporation

Sec. 23.is about

a. The board of directors or trustees


b. The chair of directors or trustees
c. The board of directors and trustees
d. The board of directors and actors

Sec. 24 is about

a. Election of directors or trustees


b. Election of chair of directors or trustees
c. Election of bord of directors and trustees
d. Election of board of directors and actors

Sec. 25 is about

a. Corporate officers, quorum


b. Corporate directors, quorum
c. Coporate members, quorum
d. Corporate officers and friends

Sec. 26 is about

a. Report of election of directors, trustees or officers


b. Report of election of directors, trustees and officers.
c. Report of election of directors, trustees with officers.
d. Report of election of directors, trustees by officers.

Sec. 27 is about

a. Disqualification of directors, trustees or officers


b. Disqualification of directors, trustees and officers
c. Disqualification of directors, trustees with officers
d. Disqualification of directors, trustees by officers
Sec. 28. Is about

a. Removal of directors or trustees


b. Removal of directors and trustees
c. Removal of directors with trustees
d. Removal of directors by trustees

Sec. 29. Is about

a. Vacancies in the office of director or trustee.


b. Vacancies in the office of director and trustee.
c. Vacancies in the office of director with trustee.
d. Vacancies in the office of director by trustee.

Sec. 30 is about

a. Compensation of directors
b. Liability of directors, trustees or officers
c. Dealings of directors, trustees or officers with the corporation
d. Contracts between corporations with interlocking directors

Sec. 31 is about

a. Compensation of directors
b. Liability of directors, trustees or officers
c. Dealings of directors, trustees or officers with the corporation
d. Contracts between corporations with interlocking directors

Sec. 32 is about

a. Compensation of directors
b. Liability of directors, trustees or officers
c. Dealings of directors, trustees or officers with the corporation
d. Contracts between corporations with interlocking directors

Sec. 33 is about

a. Compensation of directors
b. Liability of directors, trustees or officers
c. Dealings of directors, trustees or officers with the corporation
d. Contracts between corporations with interlocking directors

Sec. 34. Is about

a. Disloyalty of a director
b. Loyalty of a director
c. Disloyalty of the director
d. Infidelity of a director
Sec. 35. Is about

a. Executive committee
b. Corporate powers and capacity
c. Power to extend or shorten corporate term
d. Power to increase or decrease capital stock; incur, create or increase bonded indebtedness

Sec. 36 is about

a. Executive committee
b. Corporate powers and capacity
c. Power to extend or shorten corporate term
d. Power to increase or decrease capital stock; incur, create or increase bonded indebtedness

Sec. 37. Is about

a. Executive committee
b. Corporate powers and capacity
c. Power to extend or shorten corporate term
d. Power to increase or decrease capital stock; incur, create or increase bonded indebtedness

Sec. 38. Is about

a. Executive committee
b. Corporate powers and capacity
c. Power to extend or shorten corporate term
d. Power to increase or decrease capital stock; incur, create or increase bonded indebtedness

Sec. 39. Is about

a. Power to deny pre-emptive right


b. Sale or other disposition of assets
c. Power to acquire own shares
d. Power to invest corporate funds in another corporation or business or for any other purpose

Sec. 40. Is about

a. Power to deny pre-emptive right


b. Sale or other disposition of assets
c. Power to acquire own shares
d. Power to invest corporate funds in another corporation or business or for any other purpose

Sec. 41 is about

a. Power to deny pre-emptive right


b. Sale or other disposition of assets
c. Power to acquire own shares
d. Power to invest corporate funds in another corporation or business or for any other purpose
Sec. 42 is about

a. Power to deny pre-emptive right


b. Sale or other disposition of assets
c. Power to acquire own shares
d. Power to invest corporate funds in another corporation or business or for any other purpose

Sec. 43 is about

a. Power to declare dividends


b. Power to enter into management contract
c. Ultra vires acts of corporations
d. Adoption of by-laws

Sec. 44 is about

a. Power to declare dividends


b. Power to enter into management contract
c. Ultra vires acts of corporations
d. Adoption of by-laws

Sec. 45is about

a. Power to declare dividends


b. Power to enter into management contract
c. Ultra vires acts of corporations
d. Adoption of by-laws

Sec. 46 is about

a. Power to declare dividends


b. Power to enter into management contract
c. Ultra vires acts of corporations
d. Adoption of by-laws

Sec. 47 is about

a. Contents of by-laws
b. Amendments to by-laws
c. Kinds of meetings
d. Regular and special meetings of stockholders or members

Sec. 48 is about

a. Contents of by-laws
b. Amendments to by-laws
c. Kinds of meetings
d. Regular and special meetings of stockholders or members
Sec. 49. is about

a. Contents of by-laws
b. Amendments to by-laws
c. Kinds of meetings
d. Regular and special meetings of stockholders or members

Sec. 50 is about

a. Contents of by-laws
b. Amendments to by-laws
c. Kinds of meetings
d. Regular and special meetings of stockholders or members

1a 21b

2a 22a

3c 23a

4b 24a

5c 25a

6b 26b

7c 27a

8c 28a

9b 29a

10a 30a

11a 31b

12a 32c

13a 33d

14d 34a

15a 35a

16a 36b

17d 37c

18c 38d

19 a 39a

20a 40b
41c

42d

43a

44b

45c

46d

47a

48b

49c

50d

You might also like