What must a corporation sole do before it can sell or mortgage real property held by it?
A corporation sole may purchase and hold real and personal property for its church or benevolent purposes, and it may receive bequests or gifts for such purposes (SEC. 111, Revised Corporation Code of the Philippines). However, before it can sell or mortgage real property held by it, it must obtain an order for that purpose from the Regional Trial Court of the province where the property is situated. This order requires proof that notice of the application for leave to sell or mortgage has been made through publication or as directed by the Court, and that the transaction is in the corporation’s interest. The application must be made by a verified petition from the religious leader acting as the corporation sole.
30 October 2025
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