Act No. 3425 Section 27

Issue of stock.

Section 27

SEC. 27. Issue of stock.—No association shall issue stock to any person until it has been fully paid for. Promissory notes may be accepted as full or partial payment for stock issued by an association but not before or during the filing of its articles of incorporation. The association shall hold the stock and any interests or dividends accruing thereon as security for the payment of the note; but such retention as security shall not affect the stockholder's right to vote.

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Other provisions in Act No. 3425

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 3425 Section 27 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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