Pointers on the Nature of Corporate Doctrines and Powers of Corporation

Category/Doctrines Nature
Piercing the veil of corporate fiction Common Law
Corporation by Estoppel Doctrine Common Law
Power of a corporation to adopt and amend by-laws Inherent power
Power to extend or Shorten Corporate Term Express power
Power to Increase or Decrease Capital Stock Common Law
Power to Incur, Create or Increase Bonded Indebtedness Both Inherent and Express power
Power to Sell, Dispose, Lease or Encumber Assets Express power
Power to Purchase own shares Common Law; Express Power
Power to Invest Corporate Funds in Another Corporation or Business Express power
Power to Declare Dividends Express power; Inherent power
Power to Enter into Management Contract Express Power
Power to Make Donations Express Power
Power to Grant Gratuities to Employees Express Power
Power to Enter into Partnership Express Power
Doctrine of Corporate Opportunity Common Law
Appraisal right Statutory in nature
Trust Fund Doctrine Common Law
Pre-emptive rights Common Law
Duties and obligations of directors, trustees and officers of the Common Law
corporation

Source: PHILIPPINE CORPORATE LAW by Dean Cesar L. Villanueva