Stockholders’ or members’ meeting shall be held in the principal office of the corporation, or if not practicable, in the city or municipality where the principal office of the corporation is located.Group of answer choicesTrueFalse PreviousNext

A corporation’s officers are appointed by the:Multiple Choiceboard of directorscompany presidentprimary stockholderstate in which the corporation operates

In a stock corporation, officers are Group of answer choiceselected by incorporatorselected by shareholdersappointed by managementappointed by the board of directors

A sale of all or substantially all of the corporation's properties and assets, including its goodwill, must be authorized by the vote of stockholders representing a majority of the outstanding capital stock, or a majority of the members, in a meeting duly called for the purpose.Group of answer choicesTrueFalse

Members are corporators of a non-stock corporation.Group of answer choicesTrueFalse

he following are contents of the articles of incorporation, except:Group of answer choicesThe name of the corporationThe time, place and manner of calling and conducting regular or special meetings of the directors or trusteesThe place where the principal office of the corporation is to be located, which must be within the PhilippinesThe term for which the corporation is to exist, if the corporation has not elected perpetual existence