TIMED TASK

such board. 2. Immediately after their election, the directors of a corporation must formally organize and elect: (a) a president, who must be a director; (b) a treasurer, who must be a citizen; (c) a secretary, who must be a citizen and resident of the Philippines; and (d) such other officers as may be provided the bylaws. Both statements are wrong Only the second statement is correct Only the first statement is correct Both statements are correct