After reading “What are Common Shares?”, read also “How are shares of stocks transferred?” Shares of stock designate units into which the proprietary interest in a corporation is divided. Common shares represent the residual ownership interest in the corporation. All stocks issued by the corporation are presumed equal with the same privileges and liabilities. Shares Read more about WHAT ARE COMMON SHARES?[…]
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 WHAT IS THE BINDING EFFECT OF BYLAWS OF A CORPORATION?[…]
After reading “What is the power of the corporation to deny pre-emptive right?”, read also “What is the power of the corporation to increase or decrease capital stock or incur, create, increase bonded indebtedness?” Pre-emptive right is the right of shareholders to subscribe to all issue or disposition of shares of any class in proportion Read more about WHAT IS THE POWER OF THE CORPORATION TO DENY PRE-EMPTIVE RIGHT?[…]
After reading How are shares of stocks transferred?, read also Administrative Sanctions and Criminal Penalties under the Pre-Need Code of the Philippines For shares of stocks with a stock certificate, there must be delivery of the stock certificate, indorsement and recording in the stock and transfer book of the corporation. For shares of stocks without Read more about HOW ARE SHARES OF STOCKS TRANSFERRED?[…]
After reading “What are Preferred Shares?”, read also “What are Common Shares?” Preferred shares are stocks that give the holder preference over the holder of common stocks. The most common forms of preferred shares may be classified into two: (1) preferred shares as to assets; and (2) preferred shares as to dividends. No share may Read more about WHAT ARE PREFERRED SHARES?[…]
From ANTI-MONEY LAUNDERING ACT to What you need to know about the Bank Secrecy Law Banks, insurance companies, brokers, and salesmen are covered institutions Covered institutions are required to establish and record the true identity of its clients based on official documents Covered institutions shall report all covered transactions within five (5) working days from Read more about ON COVERED INSTITUTIONS UNDER ANTI-MONEY LAUNDERING ACT[…]
After reading “When is tender offer in securities mandatory?”, read also “What are the Powers and Functions of the Philippine Competition Commission?” Tender offer refers to a publicly announced intention by a person acting alone or in concert with other persons to acquire outstanding equity securities of a “public company”. The purpose of the mandatory Read more about WHEN IS TENDER OFFER IN SECURITIES MANDATORY?[…]
Image Source Published — May 23, 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 REQUIREMENTS UNDER REAL ESTATE INVESTMENT TRUST (REIT)[…]
Read also: THE ANTI-MONEY LAUNDERING ACT Money laundering may be committed by any person who, knowing that any monetary instrument or property represents, involves, or relates to the proceeds of any unlawful activity transacts said monetary instrument or property. Money laundering may also be committed by any covered person who, knowing that a covered or Read more about WHAT ARE MONEY LAUNDERING OFFENSES?[…]
