Republic Acts1 min read
Section 10Sec./Art. 10
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
The grantee shall not issue stock or bonds except in exchange for actual cash or for property at least equal in value to the par value of the stock or bonds so issued or for services rendered as provided under existing corporate laws: Provided, however, That it may issue stock, bonds, or property dividends upon compliance with the requirements of applicable laws.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.