SPECIAL CORPORATIONS

1. Educational Corporations
- is a stock or non-stock
corporation organized to
provide facilities for
teaching or instruction.

- Except upon favorable

recommendation of the
DEPED/ CHED/TESDA, the
SEC shall not accept or
approve the articles of
incorporation and by laws of
any educational institution.
(Sec 107)

Board of Trustees (Sec. 108)

- Trustees of educational
institutions organized as non
stock corporations shall not
be less than five (5) nor more
than fifteen (15)

Provided: the number of trustees

shall be in multiples of five (5)

Term of Office: 1/5 of their number

shall expire every year.

Quorum: Majority

2. Religious Corporations
- Corporation Sole or Religious
Societies