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Corporate Powers and Member Discipline: When Can Associations Suspend Member Rights
The Supreme Court clarifies when a corporation may discipline members and suspend privileges without committing an ultra vires act.
Jul 18, 2012real property taxgovernment instrumentalitygocclocal government codetax exemptionreclamation
Government Instrumentalities and Tax Exemption: Defining the Scope of Real Property Tax Obligations
The Supreme Court clarifies when a government entity with corporate powers is exempt from real property tax, distinguishing instrumentalities from GOCCs.
Corporate Rehabilitation and the Right to Sue: Clarifying Corporate Powers in Financial Distress
The Supreme Court clarifies that corporate rehabilitation does not strip a corporation of its power to sue to recover its property.