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What is Close Corporations in the Philippines about?

This document discusses two cases related to non-stock corporations: 1) Dulay Enterprises vs. CA discusses whether a sale of property by the president of a corporation was valid without approval of all board members. The court found that for a close corporation, board approval is not necessary to bind the corporation, and the absent director did not promptly object to the sale. 2) Naguiat Enterprises vs. NLRC discusses whether Naguiat Enterprises could be held liable along with CFTI, a taxi company, for

Author

armeru

Language

EN