In the amendment of the Articles of Incorporation of a stock corporation, the following is necessary:

The following are some of the requisites of a de facto corporation. Choose the exception:

The following are the qualifications of director in a corporation. Choose the exemption:

The secretary of a stock corporation shall be:

Any stockholder of a corporation shall have the right to dissent and demand payment of the fair value of his share/s in three of the following corporate acts. Which is the exception?

This is a written acknowledgement of an interest of a stockholder in the corporation.

They provide and regulate the internal matters of the corporation, such as calling the Board of Directors and Stockholders meetings.

This is an authority to vote in a corporation stockholders meeting.

A gratuitous reissue of Treasury shares will result in:

Three (3) of the following are attributes of a corporation. Which is the exception?

A dividend payable partly in cash and partly in stocks, as to class of dividend, is a :

Persons who compose the corporation whether as stockholder in a stock corporation or member in a non-stock corporation, are called:

Dividends are declared and paid out of the

Watered stocks are shares of stock issued by a corporation for a consideration in any form other than cash valued in excess of its fair value. In this regard:

The interest or right of the owner in the corporation’s profits or in the net assets of the corporation on dissolution is:

These do not form part of the outstanding capital stock:

One of the following does not require stockholder’s approval:

. Membership in a non-stock corporation and all rights arising therefrom cannot be transferred even if provided in the articles of incorporation or by laws because membership and the rights arising therefrom are personal and non-transferable. II. Treasury stocks sold for less than par or issued value are considered “watered stock” and as such are prohibited by law. Which is correct?

The following are attributes of a Corporation except:

It is a type of a corporation wherein sshareholders are limited to selected persons or members of a family.

A type of corporation organized for a charitable purpose.

Shareholders have no claim on corporate property as owners, but mere expectancy or inchoate right to the same upon dissolution of the corporation after all corporate creditors have been paid.

These are shares with a stated value set out in the Articles of Incorporation whose value will remain the same regardless of the profitability of the corporation.

These are shares which have been issued and fully paid for, but subsequently re- acquired by the issuing corporation by purchase, redemption, donation or through some other lawful means.

The following are the corporation's corporate powers, except:

They are acts which a corporation is not empowered to do or perform because they are not conferred by its Article of Incorporation or by the Corporation Code, or not necessary or incidental to the exercise of the powers so conferred.

It is an option privilege of an existing stockholder to subscribe to a proportionate part of shares subsequently issued by the corporation before the same can be disposed of in favor of others.

It is the right to withdraw from the corporation and demand payment of the fair value of the shares after dissenting from certain corporate acts involving fundamental changes in corporate structure.

The following are requisites of a valid Corporate Act by the Board of Directors, except:

Which of the following does not bring about corporate dissolution?