Who can vote a deceased founder’s shares before estate partition? Learn record-based voting, estate administration, and compliance steps to avoid deadlock.
Learn how heirs transfer shares after a shareholder’s death: estate settlement, tax certification, and Stock and Transfer Book registration in the Philippines.
Learn how unpaid estate tax blocks share transfers to heirs in the Stock and Transfer Book and why BIR eCAR/TCL is required for registration.
What information must be contained in the Stock and Transfer Book? Stock corporations must keep a stock and transfer book, which contains a record of all stocks in the names of the stockholders, arranged alphabetically (SEC. 73, Revised Corporation Code of the Philippines). This book must detail the installments paid and unpaid on all subscribed
What information must be contained in the Stock and Transfer Book? Read More »
What is the default closing period for the stock and transfer book before regular and special meetings? Unless the bylaws provide for a longer period, the stock and transfer book must be closed at least twenty (20) days for regular meetings before the scheduled date of the meeting (SEC. 49, Revised Corporation Code of the
Philippine law treats shares of stock in a corporation as personal property. Similar to other personalty, the owner of the property can sell, assign, transfer or convey his property to another as he wishes. This is an attribute and principle of ownership which cannot be taken away. However, being in the nature of intangible personal
How to Transfer Shares of Stock in a Corporation Read More »
