Republic Act No. 11210 allows female employees to allocate up to seven days of paid maternity leave to the father.
Can a female worker allocate her maternity leave to the child’s father? Read More »
Copyright can be partially or fully assigned or licensed, granting the recipient the same legal remedies as the owner.
Can a copyright be assigned or licensed? Read More »
Any transfer or licensing of copyright between living persons must be in writing to be legally valid.
Is a written document required for copyright transfer? Read More »
This talks about the insufficiency of the General Information Sheet (GIS), by itself, is as proof of stock ownership since it is the Stock and Transfer Book (STB) that is the ultimate legal determinant of corporate membership.
How are assets received for specific purposes (charitable, religious) but not subject to return distributed upon nonstock dissolution? Assets received and held by the corporation subject to limitations permitting their use only for charitable, religious, benevolent, educational, or similar purposes, but not held upon a condition requiring return, must be transferred to specific similar organizations
Who is the winning bidder at a delinquency sale, and how are the resulting shares transferred? The delinquent stock is sold at public auction to the bidder who offers to pay the full amount of the balance due, together with accrued interest, costs of advertisement, and expenses of sale, for the smallest number of shares
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 effect of a merger or consolidation on the assets and liabilities of the constituent corporations? Upon the effectiveness of the merger or consolidation, the surviving or consolidated corporation shall possess all the rights, privileges, immunities, and franchises of each constituent corporation (SEC. 79, Revised Corporation Code of the Philippines). All real and
What is necessary for the valid transfer of shares of stock, besides the delivery of the certificate? Shares of stock are personal property and may be transferred by delivery of the certificate indorsed by the owner or their authorized representative (SEC. 62, Revised Corporation Code of the Philippines). However, no transfer shall be valid, except
