What is a potential consequence for willfully violating provisions of the Revised Corporation Code?

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The consequence of willfully violating provisions of the Revised Corporation Code can indeed include fines or imprisonment. This reflects the serious legal implications associated with non-compliance, as the Code is designed to ensure that corporations operate within defined legal and ethical boundaries.

When individuals or entities disregard these provisions willfully, they may face criminal liability, which can manifest in the form of fines imposed by regulatory authorities or, in more severe cases, imprisonment. This underscores the emphasis the Revised Corporation Code places on integrity and lawful conduct in corporate governance.

Other potential consequences, while relevant to certain violations, may not encapsulate the full scope of penalties like criminal charges or imprisonment, making this answer particularly relevant in understanding the gravity of the situation when laws are willfully violated.

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