Meeting of directors or trustees of corporations may be held anywhere in our outside of the Philippines, unless the bylaws provide otherwise. II. Notice of regular or special meetings stating the date, time and place of the meeting must be sent to every director or trustee at least 1 day prior to the scheduled meeting, unless a longer time is provided in the bylaws.
Meeting of directors or trustees of corporations may be held anywhere in our outside of the Philippines, unless the bylaws provide otherwise. II. Notice of regular or special meetings stating the date, time and place of the meeting must be sent to every director or trustee at least 1 day prior to the scheduled meeting, unless a longer time is provided in the bylaws.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I. Meeting of directors or trustees of corporations may be held anywhere in our outside of the Philippines, unless the bylaws provide otherwise.
II. Notice of regular or special meetings stating the date, time and place of the meeting must be sent to every director or trustee at least 1 day prior to the scheduled meeting, unless a longer time is provided in the bylaws.
a. Only I is true
b. Only II is true
c. Both are true
d. Both are false
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