Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

X is a Filipino immigrant residing in Sacramento, California. Y is a Filipino residing in Quezon City, Philippines. Z is a resident alien residing

X is a Filipino immigrant residing in Sacramento,California.Y is a Filipino residing in Quezon City, Philippines.Z is a re
C. Who are qualified to becomemembers of the board of directors ofthe corporation? *Your answerD. Who are qualified to ac

X is a Filipino immigrant residing in Sacramento, California. Y is a Filipino residing in Quezon City, Philippines. Z is a resident alien residing in Makati City. ABC Corporation is a domestic corporation - 40% owned by foreigners and 60% owned by Filipinos, with A as authorized representative. DEF Corporation is a foreign corporation registered with the Philippine Securities and Exchange Commission. GHI Corporation is a domestic corporation (100%) Filipino owned. Sis a Filipino, 16 years of age, and the daughter of Y. A. Who can be incorporators? Who can be subscribers? * Your answer B. What are the differences between an incorporator and a subscriber, if there are any? * C. Who are qualified to become members of the board of directors of the corporation? * Your answer D. Who are qualified to act as Treasurer of the company? * Your answer E. Who can be appointed Corporate Secretary? *

Step by Step Solution

3.42 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

A As per Corporation Code Incorporators should be Natural persons only and therefore judicial person... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III

2nd edition

1934319309, 978-1934319307

More Books

Students also viewed these Accounting questions

Question

5 How are corporate bonds bought and sold?

Answered: 1 week ago

Question

=+a) Create a run chart for the baseballs circumferences.

Answered: 1 week ago