Special Corporations

What is the rule concerning the primary authority over special corporations like banks and insurance companies?

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What is the rule concerning the primary authority over special corporations like banks and insurance companies? Nothing in this law shall be construed as amending existing provisions of special laws governing the registration, regulation, monitoring, and supervision of special corporations such as banks, nonbank financial institutions, and insurance companies (SEC. 183, Revised Corporation Code of […]

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What is the final step for a merger or consolidation to become legally effective?

Legal Answers /

What is the final step for a merger or consolidation to become legally effective? The articles of merger or consolidation, after being signed and certified by the constituent corporations, must be submitted to the SEC for its approval (SEC. 78, Revised Corporation Code of the Philippines). If the corporations involved are special corporations (such as

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