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NTONETTET. COMIA, ALBANROBERTLORENZOF. DEALBAN, JOEBENT. DEJESUS, CHRISJARKACEM. MAÑO, ANNAMARIEP. OBIETA,RUBYANNEB. PASCUA, FLORANGELAT. SABAUPAN, GIANFRANCESNICOLEC. VILCHES3.Alienation, sale or transfer of stocks4.Otherentriesasthebylawsmayprescribeii. WHO MAY MAKE VALID ENTRIESQ: Who may make proper entries in stock andtransfer books?A:The obligation and duty falls on the corporatesecretary.If the corporate secretary refuses tocomply, the stockholder may rightfully bring suitto compel performance. The stockholder cannottake the law on to his hands; otherwise suchentry shall be void.(Torres, Jr. v. CA, G.R. No.120138, Sept. 5, 1997)Q: What is the probative value of the stock andtransfer book?A:Theentriesareconsideredprimafacieevidence of the matters stated therein and maybe subject to proof to the contrary(Bitong v. CA,G.R. No. 123553, July 13, 1999).Q: Who are the persons given the right toinspect corporate books?A:1.Anydirector,trustee, stockholderormember2.Voting trust certificate holder3.Stockholder of sequestered company4.Beneficial owners of sharesQ: What is the basis of SH s right of inspection?A:As owners of the assets and property of thecorporation stockholders should be entitled tothe right of inspection which is predicated uponthe necessity of selfprotection.Q: What are the limitations on the right toinspection?A:1.Therightmustbeexercisedduringreasonable hours on business days2.The person demanding the right has notimproperlyusedanyinformationobtainedthroughanypreviousexamination of the books and recordsof the corporation3.The demand is made in good faith or forlegitimatepurposegermanetohisinterest as a styockholder.(Sec. 74)4.It should follow the formalities that maybe required in the bylaws5.The right does not extend to tradesecrets6.It is subject to limitations under speciallaws,e.g.Secrecy of Bank Deposits andFCDA or the Foreign Currency DepositsAct.Note:The right extends, in compliance with equity,good faith, and fair dealing, to a foreign subsidiarywhollyowned by the corporation(F) LOST OR DESTROYED CERTIFICATESQ:What is the procedure for the issuance of anew stock certificate in lieu of those which havebeen lost, stolen or destroyed?A:1.The registered owner of a certificate ofstockinacorporationorhislegalrepresentativeshallfilewiththecorporationanaffidavitintriplicatesettingforth,ifpossible,thecircumstances as to how the certificatewaslost,stolenordestroyed,thenumber of shares represented by suchcertificate,theserialnumberofthecertificateandthenameofthecorporation which issued the same.2.After verifying the affidavit and otherinformation and evidence with the booksof the corporation, said corporation shallpublishanoticeinanewspaperofgeneral circulation published in the placewhere the corporation has its principaloffice,onceaweekforthree(3)consecutive weeks at the expense of theregistered owner of the certificate of