Category Archives: Corporation Code [Batas Pambansa 68]

TITLE XINON-STOCK CORPORATIONS Sec. 87. Definition. – For the purposes of this Code, a non-stock corporation is one where no part of its income is distributable as dividends to its members, trustees, or officers, subject to the provisions of this … Continue reading →

TITLE XIICLOSE CORPORATIONS Sec. 96. Definition and applicability of Title. – A close corporation, within the meaning of this Code, is one whose articles of incorporation provide that: (1) All the corporation’s issued stock of all classes, exclusive of treasury … Continue reading →

TITLE XIIISPECIAL CORPORATIONS Chapter I – Educational Corporations Sec. 106. Incorporation. – Educational corporations shall be governed by special laws and by the general provisions of this Code. (n) Sec. 107. Pre-requisites to incorporation. – Except upon favorable recommendation of … Continue reading →

TITLE XIVDISSOLUTION Sec. 117. Methods of dissolution. – A corporation formed or organized under the provisions of this Code may be dissolved voluntarily or involuntarily. (n) Sec. 118. Voluntary dissolution where no creditors are affected. – If dissolution of a … Continue reading →

TITLE XVFOREIGN CORPORATIONS Sec. 123. Definition and rights of foreign corporations. – For the purposes of this Code, a foreign corporation is one formed, organized or existing under any laws other than those of the Philippines and whose laws allow … Continue reading →