What is a stock corporation?
What is a stock corporation?
Explore the types of stock shares under the Revised Corporation Code and learn how they impact corporate capital and investor decisions.
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The Revised Corporation Code allows one (1) incorporator for a One Person Corporation (OPC) while a corporation that is not an OPC requires at least two (2) but not more than fifteen (15) incorporators.
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There is NO minimum number of shares of stock required for a corporation to possess. However, certain industries or corporations with foreign equity are required to have a minimum paid-up capital.
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Philippine law treats shares of stock in a corporation as personal property. Similar to other personalty, the owner of the property can sell, assign, transfer or convey his property to another as he wishes. This is an attribute and principle of ownership which cannot be taken away. However, being in the nature of intangible personal
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