Long Quiz 02What may be the composition of the executive committee of a corporation?
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The power to declare dividends is one of theSpecific express powers of a corporation
A corporate director acts within that granted authority. This is a form ofIntra vires act
The power to make to decide and do things in order to protect debts due to the corporation
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The following are included in the specific express powers of a corporation, except,Power todeny redemptive rightsCompany by-laws must benot impair the obligations of contracts
The following positions in a corporation are presented to you
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If the paid-up capital of the corporation is less than P50,000.00, t
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This is a power granted to a corporation by its charterExpress powers
