The topics below may be relevant to your daily activities, especially those which involve business law, labor law, and other legal areas of your business.
Business Law and Labor Law Updates
ALLOWANCE AND DISALLOWANCE OF WILLS
Wills may pass any property when it is allowed by law
Wills shall be proved and allowed through probate proceedings in court
Probate proceedings is a process which ensures that the wills follow the law
RIGHTS OF A STOCKHOLDER
Stockholders are entitled to dissent and demand payment of the fair value of their shares.
Stockholders have the right to vote, receive dividend, and inspect corporate books.
Stockholders are entitled to institute derivative suit.
MAY A WILL BE REVOKED?
A testator has the right to revoke his will
A right to revoke a will cannot be waived
A will may be revoked by burning, tearing, cancelling, or obliterating its contents
MAY AN EXECUTED WILL BE SUPPLEMENTED?
A Will may be supplemented even after its execution
A codicil is supplement or addition to a Will
A document or paper may be considered part of the Will