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Showing 1–4 of 4 articles for “close corporation”

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Apr 2, 2018 close corporation preemptive rights stock transfer restriction corporation code waiver judicial admission

Preemptive Rights and Waiver in Close Corporation Stock Transfers

When does failure to follow a stock transfer restriction become valid? The Supreme Court explains consent and waiver in Florete v. Florete.

Apr 24, 2017 corporate law close corporation piercing the corporate veil limited liability corporate rehabilitation corporation code

Piercing the Corporate Veil: When Can Stockholders Be Held Liable for Corporate Debts

The Supreme Court clarifies that stockholders of a close corporation are not automatically personally liable for corporate debts, explaining the limits of piercing the corporate veil.

Apr 24, 2017 corporate law corporate veil close corporation rehabilitation limited liability corporation code

Piercing the Corporate Veil: When Can a Stockholder’s Assets Answer for Corporate Debts

The Supreme Court clarifies that stockholders are not automatically liable for corporate debts, even in close corporations, and explains when personal assets may be reached.

Mar 13, 1997 corporate law labor law piercing corporate veil separation pay close corporation corporate officers

Piercing the Corporate Veil: When Are Company Officers Liable for Corporate Debts in the Philippines

Philippine Supreme Court ruling on when corporate officers and close corporation stockholders can be held personally liable for separation pay.