What is the term of existence for corporations formed prior to the effectivity of this Code?
Corporations with certificates of incorporation issued prior to the Revised Corporation Code’s effectivity, and which continue to exist, are granted perpetual existence by default (SEC. 11, Revised Corporation Code of the Philippines). These existing corporations are given a choice, however, to retain their specific corporate term previously stated in their articles of incorporation. To retain a specific term, the corporation must notify the SEC based on a vote by stockholders representing a majority of the outstanding capital stock. Any change in the corporate term, whether adopting or retaining, is subject to the appraisal right of dissenting stockholders.
31 October 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/.
