With the overwhelming profits generated by the KLM Corporation, the board of directors decided that the corporation can already buy three (3) properties. Director A suggested that each property must be registered under the name of the founders of the corporation to recognize their efforts. Director B dissented saying that it must be registered in the name of the corporation. Which of these directors is correct? Director A because the incorporators must be recognized for the corporation to remain popular which will O result to the establishment of a stronger reputation. O Director B because the corporation is a separate and distinct personality from the corporators. O Both are correct because the registration can be made under the name of two (2) persons. None of the aboveA cooperative requires capitalization in order for it to pay for the needs of its members, in a primary cooperative, how much is the needed capitalization? * The subscribed capital shall not be less than P100,000.00 O The paid-up capital shall not be less than P15,000.00 () The subscribed capital shall not be less than 1P15,000.00 The paid-up capital shall not be less than P100,000.00When will the amendments to the articles of cooperation take effect? O Immediately upon amendment O Immediately upon the receipt of a certificate of approval O Within 30 days from the date of the filing if not acted upon O Within 30 days from the date of the approval by the CDACDE Corporation was designed to exist for 10 years only. The stockholders and board of directors decided that they want to change it into a perpetual existence. H, one of the stockholders, does not want to become part of the corporation for a very long period of time so he manifested his dissent. What is the right available to H? * CO, O Right of dissent Freedom of expression O Right of appraisal O Voting rightsJKLM Corporation as initiated by the board of directors are conducting an election of the officers. It was suggested that additional officers must be elected. Director X suggested that an officer for Operations must be elected in order to spearhead all the operations of the corporation. The other board of directors opposed because the suggested position is not indicated in the by-laws of the corporation. Who among these parties is correct? O The other board of directors are correct because they can only elect officers mentioned in the Corporation Code. () Director X is correct because the board of directors has the duty to elect its officers. () The other board of directors are correct because they can only elect officers mentioned in the by-laws. () Director X is correct because it will be beneficial to the corporation