Professional Documents
Culture Documents
A. Corporation
1. Definition
2. Attributes of a Corporation
B. Classes of Corporations
C. Nationality of Corporations
2. Control Test
3. Grandfather Rule
3. Corporate Term
5. Articles of Incorporation
b. Contents
c. Amendment
d. Non-Amendable Items
2018 Bar Examinations MERCANTILE LAW
7. Adoption of By-Laws
c. Binding Effect
d. Amendment or Revision
F. Corporate Powers
Corporation or Business
3. How Exercised
a. By the Shareholders
c. By the Officers
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2018 Bar Examinations MERCANTILE LAW
4. Elections
b. Quorum
5. Removal
6. Filling of Vacancies
7. Compensation
11. Contracts
13. Meetings
a. Regular or Special
ii. Notice
b. Who Presides
c. Quorum
d. Rule on Abstention
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2018 Bar Examinations MERCANTILE LAW
2. Participation in Management
a. Proxy
b. Voting Trust
i. By a Majority Vote
3. Proprietary Rights
a. Right to Dividends
b. Right of Appraisal
c. Right to Inspect
d. Pre-Emptive Right
e. Right to Vote
f. Right to Dividends
4. Remedial Rights
a. Individual Suit
b. Representative Suit
c. Derivative Suit
5. Obligations of a Stockholder
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2018 Bar Examinations MERCANTILE LAW
6. Meetings
a. Regular or Special
ii. Notice
c. Quorum
I. Capital Structure
1. Subscription Agreements
3. Shares of Stock
c. Watered Stock
i. Definition ii. Liability of Directors for Watered Stocks iii. Trust Fund Doctrine for
Liability for Watered
Stocks
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2018 Bar Examinations MERCANTILE LAW
b. Notice Requirement
Bidder
5. Certificate of Stock
b. Uncertificated Shares
c. Negotiability
d. Issuance
a. Contents
a. Sale of shares
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2018 Bar Examinations MERCANTILE LAW
1. Modes of Dissolution
a. Voluntary
b. Involuntary
Legislative Dissolution
Existing Laws
2. Methods of Liquidation
Period
Receiver
K. Other Corporations
1. Non-Stock Corporations
a. Definition
b. Purposes
c. Treatment of Profits
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2018 Bar Examinations MERCANTILE LAW
2. Foreign Corporations
Be Allowed to Sue
4. Procedure
5. Effectivity
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