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CORPORATION CODE
CORPORATION CODE
OF THE PHILIPPINES DELIBERATIONS
OF THE PHILIPPINES
(BATAS BILANG 68)
(SENATE BILL 1280)
TITLE XIII TITLE XIII
SPECIAL SPECIAL
CORPORATIONS CORPORATIONS
CHAPTER I - CHAPTER I -
EDUCATIONAL EDUCATIONAL
CORPORATIONS CORPORATIONS
Section 106. Incorporation. –
Educational corporations
shall be governed by special
laws and by the general
provisions of this Code. (n)
Section 107. Pre-requisites
to incorporation. – Except
upon favorable
recommendation of the
Ministry of Education and
Culture, the Securities and
Exchange Commission shall
not accept or approve the
articles of incorporation and
by-laws of any educational
institution. (168a)
CHAPTER II CHAPTER II
RELIGIOUS RELIGIOUS
CORPORATIONS CORPORATIONS
CHAPTER III –
ONE PERSON
CORPORATION (NEW
CHAPTER)
(Sections 116 to 133)
Section 116
Section 117
Section 118
Section 119
Section 120
Section 121
Section 122
Section 123
Section 124
Section 125
Section 126
Section 127
Section 128
Section 129
Section 130
Section 131
Section 132
Section 133
TITLE XIV TITLE XIV
DISSOLUTION DISSOLUTION
IN THE CASE OF
EXPIRATION OF
CORPORATE TERM,
DISSOLUTION SHALL
AUTOMATICALLY TAKE
EFFECT ON THE DAY
FOLLOWING THE LAST
DAY OF THE CORPORATE
TERM STATED IN THE
ARTICLES OF
INCORPORATION,
WITHOUT THE NEED FOR
THE ISSUANCE BY THE
COMMISSION OF A
CERTIFICATE OF
DISSOLUTION.
TITLE XV
FOREIGN
CORPORATIONS
TITLE XVI
INVESTIGATION,
OFFENSES, AND
PENALTIES
(NEW TITLE)
(Sections 155 to 173)
Section 155
Section 156
Section 157
Section 158
Section 159
Section 160
Section 161
Section 162
Section 163
Section 164
Section 165
Section 166
Section 167
Section 168
Section 169
Section 170
Section 171
Section 172
Section 173
TITLE XVI TITLE XVII
MISCELLANEOUS MISCELLANEOUS
PROVISIONS PROVISIONS
(RENUMBERED)
Section 137. Outstanding Section 174. (Renumbered)
capital stock defined. – The
term "outstanding capital
stock", as used in this Code,
means the total shares of
stock issued under binding
subscription agreements to
subscribers or stockholders,
whether or not fully or
partially paid, except treasury
shares. (n)