Question

(1) Stockholder's meeting must be in the city or municipality where the principal office is located while members' meeting of non-stock corporation may be outside thereof

(2) The secretary of the corporation mus generally be a citizen and resident of the Philippines
A. Both are true
B. Both are false
C. True, False
D. False, True

Answer 1

Stockholder's meetings must be in the city or municipality where the principal office is located, while there is no specific requirement that the secretary of the corporation must be a citizen and resident of the Philippines.

Step-by-step explanation:

According to the given statements:

1. Stockholder's meeting must be in the city or municipality where the principal office is located while members' meeting of non-stock corporation may be outside thereof.
2. The secretary of the corporation generally must be a citizen and resident of the Philippines.

Based on this, the correct answer is C. True, False. The first statement is true, as stockholder's meetings are typically required to be held where the principal office is located. However, the second statement is false, as there is no specific requirement that the secretary of the corporation must be a citizen and resident of the Philippines.