stock v ns

Stock Non-Stock Definition Corporations which have capital stock divided into shares and are authorized to distribute to the holders of shares dividends or allotments of the surplus profits on the basis of the shares (§3) All other private corporati ons (§3) One where no part of its income is distributable as dividends to its members, trustees or officers. (§87) Purpose Primarily to make profits for its shareholders May be formed or organized for charitable, religious, educational, professional, cultural, fraternal, literary, scientific, social, civic service, or similar purposes like trade, industry, agricultural and like chambers, or any combination thereof. (§88) Distribution of Profits Profit is distributed to shareholders Whatever incidental profit made is not distributed among its members but is used for furtherance of its purpose. AOI or by-laws may provide for the distribution of its assets among its members upon its dissolution. Before then, no p rofit may be made by members. Composition Stockholders Members Scope of right to vote Each stockholder votes according to the proportion of his shares in the corporation. No shares may be deprived of voting rights except those classified and issued as "preferred" or "redeemable" shares, and as otherwise provided by the Code. (Sec. 6) Each member, regardless of class, is entitled to one (1) vote UNLESS such right to vote has been limited, broadened, or denied in the AOI or by-laws. (Sec. 89) Voting by proxy May be denied by the AOI or the by- laws. (Sec. 89) Cannot be denied. (Sec. 58) Voting by mail May be authorized by the by-laws, with the approval of and under the conditions prescribed by the SEC. (Sec. 89) Not possible. Who exercises Corporate Powers §23 Board of Directors or Trustees Members of the corporation Stock v. Non-Stock Corporations

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7/26/2019 Stock v NS

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Stock Non-Stock

Definition

Corporations which have capitalstock divided into shares and

are authorized to distribute to theholders of shares dividends orallotments of the surplus profits onthe basis of the shares (§3)

All other private corporations (§3)

One where no part of its income isdistributable as dividends to itsmembers, trustees or officers. (§87)

Purpose Primarily to make profits for itsshareholders

May be formed or organized forcharitable, religious, educational,professional, cultural, fraternal,literary, scientific, social, civicservice, or similar purposes like

trade, industry, agricultural and likechambers, or any combinationthereof. (§88)

Distribution of Profits Profit is distributed to shareholders Whatever incidental profit made isnot distributed among its membersbut is used for furtherance of itspurpose. AOI or by-laws mayprovide for the distribution of itsassets among its members upon itsdissolution. Before then, no profitmay be made by members.

Composition Stockholders Members

Scope of right to vote Each stockholder votes according tothe proportion of his shares in thecorporation. No shares may bedeprived of voting rights exceptthose classified and issued as"preferred" or "redeemable" shares,and as otherwise provided by theCode. (Sec. 6)

Each member, regardless of class,is entitled to one (1) vote UNLESSsuch right to vote has been limited,broadened, or denied in the AOI orby-laws. (Sec. 89)

Voting by proxy May be denied by the AOI or the by-

laws. (Sec. 89)

Cannot be denied. (Sec. 58)

Voting by mail May be authorized by the by-laws,with the approval of and under theconditions prescribed by the SEC.(Sec. 89)

Not possible.

Who exercises CorporatePowers §23

Board of Directors or Trustees Members of the corporation

Stock v. Non-Stock Corporations

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Governing Board Board of Directors or Trustees,consisting of 5-15 directors /trustees.

Board of Trustees, which mayconsist of more than 15 trusteesunless otherwise provided by the AOI or by-laws. (Sec, 92)

Term of directors ortrustees

Directors / trustees shall hold officefor 1 year and until their successorsare elected and qualified (Sec. 23).

Board classified in such a way thatthe term of office of 1/3 of theirnumber shall expire every year.Subsequent elections of trusteescomprising 1/3 of the board shall beheld annually, and trustees soelected shall have a term of 3 years.(Sec. 92)

Election of officers Officers are elected by the Board ofDirectors (Sec. 25), except in closecorporations where the stockholdersthemselves may elect the officers.(Sec. 97)

Officers may be elected directly bythe members UNLESS the AOI orby-laws provide otherwise. (Sec.92)

Place of meetings Generally, the meetings must beheld at the principal office of thecorporation, if practicable. If not,then anyplace in the city ormunicipality where the principaloffice of the corporation is located.(Sec. 51)

Any place within the Philippines, ifprovided for by the by-laws (Sec.93)

Transferability of interestor membership

Transferable. Generally non-transferable sincemembership and all rights arisingthere from are personal. However,the AOI or by-laws can provideotherwise. (Sec. 90)

Distribution of assets incase of dissolution

See Sec. 94.

NS-308L, NS-308LHS, NS-309L, NS-309LHS, NS-347; NS- 347AMS · 2017. 10. 27. · NS-308L, NS-308LHS, NS-309L, NS-309LHS, NS-347; NS-347AMS Safety Data Sheet According To Federal Register

ADG839 0.5 Ohm CMOS 1.65 V to 3.6 V Single SPDT ......S = 1.5 V/0 V; Figure 22 t OFF 6.5 ns typ R L = 50 Ω, C L = 35 pF 8.5 9 9.5 ns max V S = 1.5 V; Figure 22 Break-Before-Make Time

B IO DIVER SITY A ND CO NS ER V A TION

6.9 N&V Q&A Jain NV NS

New Products Introduction · 2018-07-03 · ±5 ns propagation delay precision True rail-to-rail low impedance output stages 4 V and 8 V UVLO options 19 ns propagation delay -10 V

Stock- V. Germany

NEW BNS-V NS-V - THK€¦ · BNS-V／NS-V Improves takt time of horizontal articulated robots Inertial moment of the nut Customers are looking for low-inertia Z axes to improve the

Crawford Station Former MGP Remedial Investigation ...NS NS NS NVT NS NS NS NS NS NS NS NS NS 20 NS NS NS NS. 020414021 MWA101 02/04/2014 0.72 0.91 0.45 0.39 0.054 J < 0.053 U < 0.038

Rescheduling in passenger railways: the rolling stock ... · process at NS (Netherlands Railways), the main passenger railway operator in the Netherlands. At NS, most trains are operated

Assessment of Hg in Sediment, Lakes - EPA Archives...ns ns ns % Dev. Sed. ns-0.33 ns-0.53 HgT Perch 0.38-0.216 ns-0.239 fillet HgT meHg 0.228 ns ns-0.198 HgT ns ns ns-0.32 % Wetland