Stockholder Petition

How may the SEC compel a stockholder or member to call a meeting if the authorized person unjustly refuses?

How may the SEC compel a stockholder or member to call a meeting if the authorized person unjustly refuses? Whenever there is no person authorized to call a meeting, or the authorized person unjustly refuses to call one for any cause, the SEC may intervene (SEC. 129, Revised Corporation Code of the Philippines). Upon a […]

How may the SEC compel a stockholder or member to call a meeting if the authorized person unjustly refuses? Read More »

What must occur before the SEC exercises its power to arbitrate a deadlock in a close corporation?

What must occur before the SEC exercises its power to arbitrate a deadlock in a close corporation? The SEC’s power to arbitrate a deadlock can be invoked only if the directors or stockholders are so divided on the management of the corporation’s business and affairs that the votes required for a corporate action cannot be

What must occur before the SEC exercises its power to arbitrate a deadlock in a close corporation? Read More »