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Unformatted text preview: ry sit as a treasurer of said corporation? A: No, because a treasurer is an executive or a managing officer. Sec. 11 (2), Art. XVI provides that the participation of the foreign investors in the governing bodies of entities shall be limited to their proportionate share in the capital thereof, and all the managing and executive officers of such entities must be citizens of the Philippines. Q: What is the ownership requirement imposed by the Constitution upon business entities engaged in advertising? A: 70% of their equity must be owned by Filipino citizens. (Sec. 11 (2), Art. XVI, 1987 Constitution) Q: What is the ownership requirement imposed by the Constitution upon Mass Media? A: It must be wholly owned by Filipino citizens. (Sec. 11 (1), Art. XVI, 1987 Constitution) Q: What is the ownership requirement imposed by the Constitution upon educational institutions. A: 60% of their equity must be owned by Filipino citizens. (Sec. 4 , Art. XIV, 1987 Constitution) Q: What are the requisites for the State to temporarily take over a business affected with public interest? A: 1. There is national emergency; 2. The public interest so requires; 3. During the emergency and under
reasonable terms prescribed by it; 4. The State may take over or direct the operation of any privately owned public utility or business affected with public interest. (Sec. 17, Article XII, 1987 Constitution) Q: Who has the prerogative in the Classification of Public Lands? A: The prerogative of classifying public lands pertains to administrative agencies which have been specially tasked by statutes to do so and the courts will not interfere on matters which are addressed to the sound discretion of government and/or quasi‐judicial agencies entrusted with the regulation of activities coming under their special technical knowledge and training. (Republic v. Mendoza, GR no.153727. March 28, 2007) e. Acquisition, Ownership and Transfer of Public and Private Lands Q: When does land of the public domain become pri...
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