Investment Restriction for Corporations

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Commonwealth Act No. 437: Investment Restriction for Corporations

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Title Supreme Court: Investment Restriction for Corporations

Law: Commonwealth Act No. 437

Decision Date: May 31, 1939

Commonwealth Act No. 437 prohibits corporations from investing their funds in any other corporation or business without authorization from the Board of Directors and stockholders, with provisions for objection, payment, and criminal prosecution.

prohibited investments

corporation law

investment requirements

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