Category Archives: Mercantile Laws

TITLE IGENERAL PROVISIONS Definitions and Classifications Section 1. Title of the Code. – This Code shall be known as “The Corporation Code of the Philippines”. Sec. 2. Corporation defined. – A corporation is an artificial being created by operation of … Continue reading →

TITLE IIINCORPORATION AND ORGANIZATIONOF PRIVATE CORPORATIONS Sec. 10. Number and qualifications of incorporators. – Any number of natural persons not less than five (5) but not more than fifteen (15), all of legal age and a majority of whom are … Continue reading →

TITLE IIIBOARD OF DIRECTORS/TRUSTEES/OFFICERS Sec. 23. The board of directors or trustees. – Unless otherwise provided in this Code, the corporate powers of all corporations formed under this Code shall be exercised, all business conducted and all property of such … Continue reading →

TITLE IVPOWERS OF CORPORATIONS Sec. 36. Corporate powers and capacity. – Every corporation incorporated under this Code has the power and capacity: 1. To sue and be sued in its corporate name; 2. Of succession by its corporate name for … Continue reading →

TITLE VBY LAWS Sec. 46. Adoption of by-laws. – Every corporation formed under this Code must, within one (1) month after receipt of official notice of the issuance of its certificate of incorporation by the Securities and Exchange Commission, adopt … Continue reading →