Republic Acts1 min read
Section 65Sec./Art. 65
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Interest on Unpaid Subscriptions. - Subscribers to stock shall be liable to the corporation for interest on all unpaid subscriptions from the date of subscription, if so required by and at the rate of interest fixed in the subscription contract. If no rate of interest is fixed in the subscription contract. If no rate of interest is fixed in the subscription contract, the prevailing legal rate shall apply.
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