SUI GENERIS (Philippine_Laws): Rights of a Stockholder

Friday, January 14, 2011

Right to attend and vote in person or by proxy at stockholders’ meeting.
Right to elect and remove directors.
Right to approve certain corporate acts.
Right to adopt and amend or repeal the by-laws or adopt new by-laws.
Right to compel the calling of meetings when for any cause there is no authorized person to call such a meeting.
Right to issuance of certificate or stocks or other evidence of stock ownership and be registered as a stockholder.
Right to receive dividends when declared.
Right to participate in the distribution of corporate assets upon dissolution.
Right to transfer of stocks in the corporate books.
Right to pre-emption in the issue of shares.
Right to inspect corporate books and records.
Right to be furnished the most recent financial statements upon request and to receive financial report of the corporation’s operations.
Right to bring individual and representative or derivative suits.
Right to recover stock unlawfully sold for delinquency.
Right to enter into voting trust agreements.
Right to demand payment for the value of his shares and withdraw from the corporation in certain cases.
Right to have the corporation voluntarily dissolved.