RFBT: Corporation Law

Corporation Code of the Philippines - Law governing the private corpo

Attributes:
1 An artificial being
2 Created By Operation of Law
3 Has the right of succession
has the powers, attributes, and properties expressly authorized by
4 law
or incident to its existence

Important Doctrines to remember:

1. Doctrine of Separate Juridical Personality

2. Doctrine of Piercing the Veil of Corporate Entity
3. Doctrine of Limited Capacity

Test to Determine Nationality of a Corporation:

1. Incorporation Test
2. Control Test
3. Grandfather Rule

Components of a Corporation:

1. Corporators – Compose the corpo whether as stockholder or member

2. Incorporators –Stockholders or members in the AOI as originally forming & Composing,
signatories
3. Stockholders – Corporators of stock corpo
4. Members – Corporators of a non-stock Corpo

Process of Incorporation:

1. Drafting the articles of AOI

2. Preparation and Submission of additional and supporting documents
3. File with the SEC
4. Subsequent issuance of the COI

Contents of AOI:

1. Name of the Corpo

2. Specific purposes for which the corporation is being incorporated