Under what conditions may a corporation whose term has expired apply for revival?
A corporation whose specific term has expired may apply for the revival of its corporate existence, subject to fulfilling existing duties, debts, and liabilities prior to revival (SEC. 11, Revised Corporation Code of the Philippines). Upon the SEC’s approval, the corporation is deemed revived, and a certificate of revival is issued, which grants the corporation perpetual existence by default, unless the application specifies otherwise. However, certain specialized institutions like banks, insurance, and trust companies must first secure a favorable recommendation from the appropriate government agency before their revival application is approved. This ensures specialized regulatory oversight for financial entities.
02 November 2025
About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
