1. The election of the new members of thc Board of Directors of' the C'oiidominiuin Corporation ("CondoCor") has bccn nullified due to a.) lack o1' quorum and b.) disqualification of the noniincc- directors of the dcvelopcr for the position. Conscqucntly, it caused the nullificationof thc subsequent organizational meeting and clection of officers. Under the circumstances, may the incumbent Board of Directors ctptinuously function in a "hold- uver" capacity motif a new set of members of thc Buard Of Directors are elected and qualified'! If the answer is in thG affirmative, is the authority of the Board of Directors limited only to handle the corporation's daily operations each as payment of uiiliiies, salaries, the management of personnel, and other issues/ problems thnt require immediate attention?

2. Despite written notices and publication, a substantial number of stockholders have not been communication with or attending the stockholders' meeting of PVB. Personal notices to the stockholders have been returned unopened or they have not communicated with any of the veterans' associations. No legal heir, claimant or transferee has likewise come over to advise PVB of his/ her right to the shares. If these shares are not mpresented in the stockholders' meeting, the PVB would not be able to elect its Board of Directors. What is the availablc remedy of PVB undcr the RCC?