chamen notes corpo

8/18/2019 chamen notes corpo

1/18

CORPORATIONLAW


2/18

INTRODUCTION

“Corporation Law” – whole body of law!

prin"iple and do"trine "o#erin$ pri#ate

"orporation in the Philippine Interpretation% liberal "ontr&"tion to pro'ote

and &plift de#elop'ent of trade relation and

whi"h will en"o&ra$e friendly "o''er"ial

inter"o&re a'on$ "orporation ()o'e In&ran"eCo* #er& +atern ,hippin$ Line! -./ ,CRA 0.01


3/18

2RI+3 )I,TOR4 O3 P)ILIPPIN+

CORPORAT+ LAW

-1 ,o"iedade Anoni'a

.1 C&enta en Parti"ipa"ion/1 The Corporation Law (-5671

01 The Corporation Code (-5861


4/18

CORPORATION! D+3IN+D

A "orporation i an artifi"ial bein$

"reated by operation of law! ha#in$ the

ri$ht of &""eion and the power!attrib&te and propertie e9prely

a&thori:ed by law or in"ident to it

e9iten"e*


5/18

T)+ORI+, ON T)+ 3OR;ATION

O3 A CORPORATION-1 Theory of Con"eion

Taya$ #* 2en$&et Conolidated! In"*

Torre #* CA

.1 Theory of +nterpie +ntity

P,+ #* CA


6/18

ATTRI2UT+, O3 A

CORPORATION

-1 Artifi"ial 2ein$

.1 Creat&re of the Law /1 Ri$ht of ,&""eion

01 Creat&re of +n&'erated Power!

Attrib&te and Propertie


7/18

ARTICL+


8/18

CORPORATION ,* OT)+R

2U,IN+,, +NTITI+,-1 ,ole Proprietorhip

.1 Partnerhip

/1 2&ine Tr&t01 Boint ent&re

1 Cooperati#e


9/18

CORPORATION, CR+AT+D

24 A ,P+CIAL LAW OR C)ART+R

a* National Coal Co* #* Colle"tor of

Internal Re#en&e

b* ;arilao Water Con&'er Ao"iation!In"* #* IAC


10/18

CLA,,I3ICATION, O3

CORPORATION,

-*Under the Corporation Code (,e"* /1

.* ,ole and A$$re$ate

/* +""leiati" and Lay

0* +lee'oynary

* Do'eti" and 3orei$n

7* De @&re and de fa"to "orporation

7*- Re&iite of De 3a"to Corporation

7*. E&o Warranto


11/18

Cae%

a* ,awad@aan #* Co&rt of Appeal! >*R* No*

-0-=/! B&ne 8! .66


12/18

CLA,,I3ICATION, O3

CORPORATION,

=* Cloe and Open Corporation

8* Parent! ,&bidiary! and Affiliated

5* Pri#ate and P&bli"

-6* Corporation by Pre"ription and

Corporation by +toppel


13/18

CLA,,I3ICATION, O3

CORPORATION,

P&bli" Corporation – thoe "reated for

politi"al p&rpoe "onne"ted with the p&bli"

$ood in the ad'initration of the "i#il$o#ern'ent

;&ni"ipal "orporation – two?fold "hara"ter

a1P&bli" – poli"e power

b1Pri#ate – proprietary! "an &e F be &ed!

"an be liable for tort


14/18

CLA,,I3ICATION, O3

CORPORATION,

P&bli" Corporation – not baed on the

ownerhip of the "ontrollin$ interet

;any >OCC – pri#ate "orporation

-1National Coal Co* # CIR

.1Cer#ante # A&ditor >eneral (NA3CO1

/1,hipide! In"* # CA (2CDA for e"ono'i" ando"ial de#elop'ent of Central L&:on1


15/18

CLA,,I3ICATION, O3

CORPORATION,

Do'eti" "orporation – in"orporated &nder

the law of the Philippine

3orei$n "orporation – in"orporated &nder the

law of another "o&ntry


16/18

CLA,,I3ICATION, O3

CORPORATION,

De @&re "orporation – f&ll and &btantial

"o'plian"e with the re&ire'ent of an

e9itin$ law

De fa"to "orporation –ha a bona fide atte'pt

to in"orporate


17/18

CLA,,I3ICATION, O3

CORPORATION,

Corporation by etoppel– a "orporation

pre"l&ded fro' denyin$ it "orporate

e9iten"e

Corporation by pre"ription – Ro'an Catholi"

Ch&r"h (tho&and year1


18/18

CLA,,I3ICATION, O3

CORPORATION,

Parent Co'pany – ha "ontrollin$ interetin one or 'ore "orporation

,&bidiary – "orporation in whi"h the parent

"orporation ha "ontrollin$ interet

Affiliate – a "orporation bein$ "ontrolled by aholdin$ "o'pany

chamen notes corpo

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