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 Philippines). For special meetings, the stock and transfer book or membership book must be closed for a shorter period of at least seven (7) days. Closing the book establishes the official list of stockholders or members who are entitled to notice and the right to vote at that specific meeting. This ensures clarity regarding corporate suffrage prior to the scheduled meeting date.
30 October 2025
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