Image Source Published — May 9, 2021 The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about THE REAL ESTATE INVESTMENT TRUST (REIT) ACT OF 2009[…]
After reading “What is the “Safe Harbor Provision” in Anti-Money Laundering Act?”, read also “May a foreign state make a request for assistance in the investigation or prosecution of a money laundering offense?” No administrative, criminal or civil proceedings shall lie against any person for having made a covered transaction report or a suspicious transaction Read more about WHAT IS THE “SAFE HARBOR PROVISION” IN ANTI-MONEY LAUNDERING ACT?[…]
After reading Voluntary Dissolution of a Corporation Where No Creditors are Affected, read also Classes Of Religious Corporations A corporation formed or organized under the Revised Corporation Code may be dissolved voluntarily or involuntarily A corporation may be voluntarily dissolved where no creditors are affected A verified request for dissolution shall be filed with the Read more about VOLUNTARY DISSOLUTION OF A CORPORATION WHERE NO CREDITORS ARE AFFECTED[…]
Image Source Published — March 16, 2017 The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about Corporation as Business Structure: Most Preferred for Your Growing Enterprise[…]
Image Source Published — June 1, 2022 The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about RIGHTS OF A STOCKHOLDER[…]
After reading “What is the procedure for voluntary dissolution where no creditors are affected?”, read also “What are the Modes of Corporate Dissolution?”. Voluntary dissolution where no creditors are affected is a type of dissolution initiated by the corporation. The dissolution may be effected by majority vote of the board of directors or trustees, and Read more about WHAT IS THE PROCEDURE FOR VOLUNTARY DISSOLUTION WHERE NO CREDITORS ARE AFFECTED?[…]
You may also read more about contract: Walking through the essential traits of contracts Section 59 of the Revised Corporation Code (RCC) states the following: “SEC. 59. Subscription Contract – Any contract for the acquisition of unissued stock in an existing corporation or a corporation still to be formed shall be deemed a subscription within Read more about WHAT IS A SUBSCRIPTION CONTRACT?[…]
Image Source Published — May 13, 2021 The following post does not create a lawyer-client relationship between Alburo Alburo and Associates Law Offices (or any of its lawyers) and the reader. It is still best for you to engage the services of your own lawyer to address your legal concerns, if any. Also, the matters contained Read more about INVESTMENT IN THE REAL ESTATE INVESTMENT TRUST (REIT)[…]
After reading “What are Covered Institutions under the Anti-Money Laundering Act?”, read also “What are investment contracts?“ Covered “institutions” was changed to covered “persons.” Covered persons are natural or juridical. Consistent with its foreign policy, the State shall extend cooperation in transnational investigations and prosecution of persons involved in money laundering activities whenever committed. Covered Read more about WHAT ARE COVERED INSTITUTIONS UNDER THE ANTI-MONEY LAUNDERING ACT?[…]
After reading this article about dividends, read also: WHAT IS DELINQUENT SHARE? Dividends are payable in cash, property or in stock to all stock holders on the basis of outstanding stocks held by them Dividends must be first declared before payment The power to declare dividends is lodged on the Board of Directors May a Read more about PAYMENT OF DIVIDENDS[…]
