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Zenith Labs, Inc., a domestic stock corporation with 900,000 shares outstanding (authorized capital 900,000) adopts a...

...controlling doctrine governing conversion of a corporation under the Revised Corporation Code. (b) Distinguish the rule on stockholders’ approval from the creditor-notice and SEC-filing requirements. (c) Apply the facts...

Citations: Republic Act No. 11232 (Revised Corporation Code), Revised Corporation Code provisions governing conversion and related procedural requirements

AzureTech Solutions, Inc. has issued 5,000 common shares. Of these, 1,200 remain unpaid after the latest call. The bo...

...ntial procedural requirements for sale of delinquent shares under the Revised Corporation Code. (b) Based on the facts, was the sale valid and properly conducted? Explain the critical factors that determine validity. (c)...

Citations: Republic Act No. 11232 (Revised Corporation Code), Revised Corporation Code provisions on sale of delinquent shares (as amended by RA 11232)

Revised Corporation Code

Revised Corporation Code Commercial / Mercantile Law TITLE I / GENERAL PROVISIONS Section 1. Title of the Code Section 2. Corporation Defined Section 3. Classes of Corporations Section 4. Corporations Created by Special...

HorizonTech Ltd., a foreign corporation organized under the laws of Country R, registered with the Securities and Exc...

HorizonTech Ltd., a foreign corporation organized under the laws of Country R, registered with the Securities and Exchange Commission as a foreign corporation authorized to do business in the Philippines, maintains a reg...

Citations: Revised Corporation Code (BP Blg. 68) as amended by RA 11232, RA 11232 (Revised Corporation Code)

OmegaDelta Corp., a Philippine stock corporation organized in 2015, has a fixed term of 25 years as stated in its Art...

...plication, and wind-up consequences in a compact, path-guided format. Revised Corporation Code (Republic Act No....

Citations: Revised Corporation Code (Republic Act No. 11232), particularly provisions governing corporate term and amendments to the Articles of Incorporation and SEC filing., B.P. Blg. 68 (Corporation Code) as historically relevant and often referenced in doctrinal discussions about corporate term extensions and ultra vires acts (subject to RA 11232 amendments)., SEC Rules on corporate term extension and filing requirements (as implemented under the Revised Corporation Code).

A non-stock foundation, Coastal Guardians Foundation, is registered under the Revised Corporation Code. Its Articles...

...ock foundation, Coastal Guardians Foundation, is registered under the Revised Corporation Code. Its Articles provide that net earnings shall be devoted exclusively to its programs and that no part of net earnings shall i...

Faithful Light Mission, Inc., a non-stock religious corporation organized under the Revised Corporation Code, owns a...

...Mission, Inc., a non-stock religious corporation organized under the Revised Corporation Code, owns a chapel donated by parishioners for exclusive religious worship and religious education. The donor’s restriction state...

LuminaTech Corporation, a corporation organized under the Revised Corporation Code, has Diego Ramos as its president...

LuminaTech Corporation, a corporation organized under the Revised Corporation Code, has Diego Ramos as its president and controlling stockholder. The bank Orion Bank extended PHP 28,000,000 loan to LuminaTech for a new m...

Citations: Revised Corporation Code (Republic Act No. 11232)

NovaCore Inc., a corporation organized under the Revised Corporation Code (R.A. No. 11232), has by-laws that cap the...

NovaCore Inc., a corporation organized under the Revised Corporation Code (R.A. No. 11232), has by-laws that cap the general manager’s authority to enter into ordinary-course procurement contracts at ₱8,000,000. The gene...

Citations: Republic Act No. 11232, Sec. 2, Republic Act No. 11232, Sec. 4, Republic Act No. 11232, Sec. 18

Orion Foods, Inc., a corporation organized under the Revised Corporation Code, issued 5,000 shares at a par value of...

Orion Foods, Inc., a corporation organized under the Revised Corporation Code, issued 5,000 shares at a par value of P30. A subscriber, Maya Dizon, subscribed for 2,000 shares (P60,000 total price) and paid P20,000 on su...

Citations: Revised Corporation Code (R.A. 11232) on stock subscriptions, calls, and cancellation/forfeiture

Whispera Enterprises, Inc., a corporation organized under the Revised Corporation Code, issued 6,000 shares at a par...

Whispera Enterprises, Inc., a corporation organized under the Revised Corporation Code, issued 6,000 shares at a par value of 40. A subscriber, Diego M., subscribed for 2,500 shares (total price 100,000) and paid 20,000...

Xcelion Energy, Inc., a corporation organized under the Revised Corporation Code, issued 9,000 shares at a par value...

Xcelion Energy, Inc., a corporation organized under the Revised Corporation Code, issued 9,000 shares at a par value of 55. A subscriber, Adrian C., subscribed for 4,000 shares (P220,000 total price) and paid P60,000 on...

Zenitech Agro, Inc., a corporation organized under the Revised Corporation Code, issued 10,000 shares at a par value...

Zenitech Agro, Inc., a corporation organized under the Revised Corporation Code, issued 10,000 shares at a par value of 25. A subscriber, Carla D., subscribed for 4,200 shares (total price 105,000) and paid 25,000 on sub...

A non-stock corporation named Heritage Conservation Society, registered under the Revised Corporation Code as a nonpr...

...corporation named Heritage Conservation Society, registered under the Revised Corporation Code as a nonprofit, provides in its Articles that net earnings shall be devoted exclusively to its environment and heritage progr...

A non-stock corporation named Kulay ng Sining Foundation, registered under the Revised Corporation Code as a nonprofi...

...ck corporation named Kulay ng Sining Foundation, registered under the Revised Corporation Code as a nonprofit, provides in its Articles that net earnings shall be devoted exclusively to its arts and culture programs and...

Citations: Republic Act No. 11232 (Revised Corporation Code)

A non-stock corporation, Verde Arts Foundation, registered under the Revised Corporation Code, provides in its Articl...

A non-stock corporation, Verde Arts Foundation, registered under the Revised Corporation Code, provides in its Articles that net earnings shall be devoted exclusively to its arts programs and that no part of net earnings...

A non-stock foundation, Bayani Health Foundation, registered under the Revised Corporation Code, states in its Articl...

...non-stock foundation, Bayani Health Foundation, registered under the Revised Corporation Code, states in its Articles that net earnings shall be devoted exclusively to its health programs and that no part of net earning...

A non-stock foundation, Heritage for the Arts Foundation, is registered under the Revised Corporation Code. Its Artic...

...foundation, Heritage for the Arts Foundation, is registered under the Revised Corporation Code. Its Articles require that net earnings be devoted exclusively to its programs and that no part of net earnings inure to priv...

Citations: Republic Act No. 11232 (Revised Corporation Code)

A Philippine corporation organized under the Revised Corporation Code (R.A. No. 11232), Secs. 2, 4, and 18 (hereafter...

A Philippine corporation organized under the Revised Corporation Code (R.A. No. 11232), Secs. 2, 4, and 18 (hereafter, “the Corporation”) has by‑laws that set the president’s limit for entering into contracts in the ordi...

Citations: Republic Act No. 11232 (Revised Corporation Code)

Apex Dynamics Corp., a corporation organized under the Revised Corporation Code (R.A. No. 11232), by-laws provide tha...

Apex Dynamics Corp., a corporation organized under the Revised Corporation Code (R.A. No. 11232), by-laws provide that the Chief Operating Officer (COO) may enter into ordinary-course procurement contracts up to ₱25,000...

Citations: R.A. 11232, Sec. 2, R.A. 11232, Sec. 4, R.A. 11232, Sec. 18

Arcadia Arts Foundation, a non-stock corporation registered under the Revised Corporation Code, states in its Article...

Arcadia Arts Foundation, a non-stock corporation registered under the Revised Corporation Code, states in its Articles that net earnings shall be devoted exclusively to its arts programs and that no part of net earnings...

Arcadia Corp., a Philippine corporation organized and existing under the Revised Corporation Code (RA 11232), mails n...

...adia Corp., a Philippine corporation organized and existing under the Revised Corporation Code (RA 11232), mails notices of a stockholders’ meeting to all stockholders entitled to vote to vote on a proposed merger. Stock...

Citations: Republic Act No. 11232 (Revised Corporation Code)

Arcana Systems, Inc., a corporation organized under the Revised Corporation Code, issued 12,000 shares at a par value...

Arcana Systems, Inc., a corporation organized under the Revised Corporation Code, issued 12,000 shares at a par value of P25. A subscriber, Sofia Reyes, subscribed for 3,600 shares (P90,000 total price) and paid P18,000...

Citations: Revised Corporation Code (Republic Act No. 11232)

AsterNova Industries, a corporation organized under the Revised Corporation Code (RA 11232), has by-laws that vest th...

AsterNova Industries, a corporation organized under the Revised Corporation Code (RA 11232), has by-laws that vest the Chief Operating Officer (COO) with authority to enter into ordinary-course procurement contracts up t...

Citations: R.A. 11232 Sec. 2, R.A. 11232 Sec. 4, R.A. 11232 Sec. 18, Civil Code provisions on agency and ratification (general doctrine)