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Corporation Code of the Philippines

CORPORATE CODE OF THE PHILIPPINES

B.P. 68 | 1980-05-01


CORPORATE CODE OF THE PHILIPPINES
[BATAS PAMBANSA BILANG 68]

TITLE I : GENERAL 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 law, having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence.

Sec. 3. Classes of corporations. - Corporations formed or organized under this Code may be stock or non-stock corporations. Corporations which have capital stock divided into shares and are...