ON DISTRIBUTION OF ASSETS IN NONSTOCK CORPORATIONS

• A plan providing for the distribution of assets, may be adopted by a nonstock corporation

• Such plan shall be adopted upon approval of at least two-thirds (2/3) of members having voting rights

• Assets of a nonstock corporation may be distributed to societies, organizations or corporations

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WHAT IS EMPLOYEES’ COMPENSATION PROGRAM?

• Employees’ Compensation Program provide benefits to employees and their dependents in the event of work-connected disability or death

• Disability means loss or impairment of a physical or mental function resulting from injury or sickness

• Compensation means all payments for income benefits, and medical or related benefits

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RESTRICTIONS ON TOBACCO PROMOTIONS UNDER TOBACCO REGULATION ACT OF 2003

• Promotions refer to events or activities organized by a tobacco manufacturer, distributor or retailer with the aim of promoting a brand of tobacco product

• Tobacco promotions must be directed only to persons at least eighteen (18) years old

• The participants in promotions must be required to provide proof of age

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EXPANDED JURISDICTION OF FIRST LEVEL COURTS

• Metropolitan Trial Courts (MeTC), Municipal Trial Courts in Cities (MTCC), Municipal Trial Courts (MTC), and Municipal Circuit Trial Courts (MCTC) are first level courts

• Regional Trial Courts are second level courts

• A new law was enacted expanding the jurisdiction of first level courts

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