Abstract
The device of classifying shares, is sometimes successfully used to achieve flexibility and control desired in the corporate organization. Thus, the Corporation Code provides that the shares of stock of corporations may be divided into classesor series of shares, or both, any of which may have such rights, privileges, or restrictions as may be stated in the articles of incorporation: provided, that no share may be deprived ofvoting rights except those shares classified and issued as "preferred" or "redeemable" shares.
Recommended Citation
Diaz, Virginia
(1989)
"Control Devices in Corporate Management,"
DLSU Business & Economics Review: Vol. 2:
No.
1, Article 13.
DOI: https://doi.org/10.59588/2243-786X.1642
Available at:
https://animorepository.dlsu.edu.ph/ber/vol2/iss1/13
