Civil Service Exam Reviewer · General Information · hard
Under RA 6713, a 'substantial stockholder' is a person who owns, directly or indirectly, shares sufficient to:
- Elect a director of a corporation
- Control 51% of the corporation
- Own at least 10% of outstanding capital
- Veto decisions of the board
Answer
A. Elect a director of a corporation
Solution
Sec. 3(f).
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