RA 4850 Section 23

Removal, courtesy resignation.

Section 23

SEC. 23. Removal, courtesy resignation.—A member of the Board may be removed from office by a vote of the stockholders holding or representing three-fourth (3/4) of the subscribed capital stock outstanding and entitled to vote. No member of the Board shall be required to submit a courtesy resignation at any time during is term of office.

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

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