What financial requirement is imposed on a single stockholder who acts as the self-appointed treasurer of an OPC?
The single stockholder of a One Person Corporation may, in certain cases, appoint themselves as the treasurer of the corporation (SEC. 122, Revised Corporation Code of the Philippines). If the single stockholder is the self-appointed treasurer, they shall give a bond to the SEC in such sum as the SEC may require. This bond is necessary to secure the faithful administration of the OPC’s funds, which the stockholder/treasurer must undertake in writing to disburse and invest according to the approved articles of incorporation. The bond must be renewed every two (2) years or as often as the SEC deems necessary.
02 November 2025
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