Corporation Sole

Who is authorized to form a corporation sole, and for what purpose?

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Who is authorized to form a corporation sole, and for what purpose? A corporation sole may be formed by the chief archbishop, bishop, priest, minister, rabbi, or other presiding elder of any religious denomination, sect, or church (SEC. 108, Revised Corporation Code of the Philippines). The specific purpose of forming this unique corporate entity is […]

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What mandatory documentation must accompany the articles of incorporation of a corporation sole upon filing with the SEC?

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What mandatory documentation must accompany the articles of incorporation of a corporation sole upon filing with the SEC? The articles of incorporation for a corporation sole must be verified by affidavit or affirmation of the chief archbishop, bishop, priest, minister, rabbi, or presiding elder (SEC. 110, Revised Corporation Code of the Philippines). This document must

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What must a corporation sole do before it can sell or mortgage real property held by it?

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What must a corporation sole do before it can sell or mortgage real property held by it? A corporation sole may purchase and hold real and personal property for its church or benevolent purposes, and it may receive bequests or gifts for such purposes (SEC. 111, Revised Corporation Code of the Philippines). However, before it

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What is the exception to the rule requiring court intervention for the alienation of property by a corporation sole?

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What is the exception to the rule requiring court intervention for the alienation of property by a corporation sole? Court intervention is generally required for a corporation sole to sell or mortgage real property, necessitating an order from the Regional Trial Court (SEC. 111, Revised Corporation Code of the Philippines). However, this intervention shall not

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How is a vacancy in the office of the chief archbishop or presiding elder of a corporation sole filled?

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How is a vacancy in the office of the chief archbishop or presiding elder of a corporation sole filled? The successors in office of any chief archbishop, bishop, priest, minister, rabbi, or presiding elder shall become the corporation sole on their accession to office (SEC. 112, Revised Corporation Code of the Philippines). They are then

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