Question
abc inc. is a domestic corp. engaged in retail trade. It has 15 directors two of whom are independent directors. It has authorized capital stock
abc inc. is a domestic corp. engaged in retail trade. It has 15 directors two of whom are independent directors. It has authorized capital stock of P10,000,000 with par value of P100 per share. Half of the capital stock is outstanding while 60% are issued. How many votes are required to seat 4 directors? To gain control how many votes are required?
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Business Law Text and Exercises
Authors: Roger LeRoy Miller, William E. Hollowell
8th edition
1305509609, 1305644823, 9781305856479 , 978-1305509603
