Procedure

How must amendments to the Articles of Incorporation be indicated upon filing?

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How must amendments to the Articles of Incorporation be indicated upon filing? Amendments to the articles of incorporation must be clearly indicated by underscoring the change or changes made to the text (SEC. 15, Revised Corporation Code of the Philippines). A copy of the amended articles must be submitted to the SEC, duly certified under […]

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When does the corporate existence and juridical personality of a private corporation commence?

Legal Answers /

When does the corporate existence and juridical personality of a private corporation commence? The corporate existence and juridical personality of a private corporation organized under this Code commence from the date the SEC issues the certificate of incorporation under its official seal (SEC. 18, Revised Corporation Code of the Philippines). Prior to this, the incorporators

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Describe the cumulative voting rights available to stockholders in stock corporations.

Legal Answers /

Describe the cumulative voting rights available to stockholders in stock corporations. In stock corporations, stockholders entitled to vote possess the right to vote the number of shares standing in their own names in the stock books at the time of the election (SEC. 23, Revised Corporation Code of the Philippines). They have three options for

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