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SECTION
36
CORPORATE POWERS
AND CAPACITY
SECTION
36
CORPORATE POWERS
AND CAPACITY
POWER TO SUE AND BE SUED
SECTION
36
CORPORATE POWERS
AND CAPACITY
POWER TO CONTRIBUTE TO CHARITY
Public responsibility of corporations;
Limitations on power
SECTION
37
A voluntary dissolution
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38
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38
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38
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38
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38
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38
SECTION
39
SECTION
39
SECTION
39
SECTION
39
SECTION
40
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40
SECTION
40
STOCK
CORPORATIONS
NON-STOCK
CORPORATIONS
SECTION
41
SECTION
41
SECTION
42
REQUIREMENTS
Approval by the majority vote of the BOD or BOT.
Ratification by the stockholders representing at least 2/3 of
the outstanding capital stock or by at least 2/3 of the
members in case of non-stock corporation
Ratification must be made at a meeting duly called for the
purposes
Prior written notice of the proposed investment.
SECTION
43
CONCEPT OF DIVIDENDS
It is a part or portion of the profits of a corporation set aside,
declared, and ordered by the directors to be paid ratably to the
stockholders on demand or at a fixed time.
SECTION
43
PROFITS/EARNINGS
SECTION
43
OTHER
DIVIDENDS
SECTION
43
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43
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43
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43
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43
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43
DECLARATION OF DIVIDENDS
CONDITIONS
Existence of UNRESTRICTED
RETAINED EARNINGS
Sufficient number of
unauthorized unissued shares
SECTION
43
CLASSSES OF DIVIDENDS
Cash Dividend
Property
Dividend
Stock Dividend
Optional
Dividend
Composite
Dividend
Bond/Scrip
Dividend
Preferred
Dividend
Cumulative
Dividend
Liquidating
Dividends
SECTION
43
STOCK DIVIDEND
SECTION
44
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44
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44
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44
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44
SECTION
45
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45
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45
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45
LAW ON corporation