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CORPORATION LAW

Course OutlineAtty. Maria Zarah R. Villanueva-Castro

I. INTRODUCTION

Historical Bac!roun" o# $hilli%%ine Cor%orate &a'

II. CONC($T AND ATTRIBUT() O* A COR$ORATION

A. )tatutory "e#inition o# a cor%oration +)ection , CC

B. Attri/utes o# a cor%oration

0. Arti#icial /ein!a. Doctrine o# Cor%orate (ntity

+i resi"ence an" nationality +ii constitutional ri!hts +iii cri1inal lia/ility +iv ri!ht to recover 1oral "a1a!es

/. Doctrine o# $iercin! the Veil o# Cor%orate (ntity

+i alter e!o %rinci%le an" instru1entality rule+ii %ro/ative #actors o# i"entity

,. Creature o# &a' +)ee constitutional li1itations on thecreation

o# a %rivate cor%oration Article 0, )ection 02Constitution3 Concession theory

4. Ri!ht o# )uccession

5. Creature o# (nu1erate" $o'ers Attri/utes an"$ro%erties

a. Doctrine o# li1ite" ca%acities as co1%are" to the

Doctrine o# !eneral ca%acities/. Ultra vires "octrine

Classi#ication o# $rivate Cor%orations

0. stoc an" non-stoc,. "o1estic an" #orei!n4. dejure an" de facto +)ec. ,6 CC

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+)ee7 "octrine o# cor%oration /y esto%%el 8)ec. ,0 CC95. hol"in! a##iliate an" su/si"iary:. o%en an" close

CASES: *eliciano vs. COA ;anuary 05 ,6653 Manila InternationalAir%ort Authority vs. CA ,6 ;uly ,6623 Ma!saysay-&a/ra"or vs. CA 0R No. 024=

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+ii votin! an" non-votin!+iii co11on an" %re#erre"+iv re"ee1a/le treasury an" #oun"erEs shares

@. treasurerEs a##i"avit

C. >roun"s #or reFection o# the Articles o# Incor%oration +)ec. 0=CCD. Co11ence1ent o# cor%orate e?istence +)ec. 0@ CC(. A1en"1ent o# the articles o# incor%oration +)ec. 02 CC*. (##ects o# non-use o# cor%orate charter +)ec. ,, CC

CASES: &yceu1 o# the $hili%%ines vs. CA ,0@ )CRA 20,3 An! M!aGaani/ sa I!lesia n! Dios vs. I!lesia n! Dios Gay Gristo ;esus Dece1/er0, ,6603 In"ustrial Re#ractories Cor%oration o# the $hils. vs.Re#ractories Cor%. o# the $hils. Oct. 4 ,66,3 ;> )u11it Hol"in!s vs.CA )e%te1/er ,5 ,6643 oun! Auto )u%%ly vs. CA ,,4 )CRA 2=63

Re%u/lic $lanters Ban vs. A!ana ,2@ )CRA 03 Castillo et. al. vs.Balin!hasay et. al. >.R. No. 0:6@=2 Octo/er 0(M(NT O* A COR$ORATION

A. &evels o# cor%orate controlB. Boar" o# DirectorsTrustees

0. !eneral %o'ers o# the /oar" +)ec. ,4 CC,. /usiness Fu"!1ent rule4. uali#ications o# the /oar" 1e1/ers +)ec. ,4 ,= CC

5. election o# the /oar" 1e1/ers +)ec. ,5 ,2 CC3 )eecu1ulative votin! %roce"ure

:. ter1 o# o##ice2. uoru1 reuire1ent in /oar" 1eetin!s +)ec. ,: CC=. re1oval o# /oar" 1e1/ers +)ec. ,

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(. (?ecutive co11ittee +)ec. 44 CC

CASES: >race Christian Hi!hschool vs. CA ,oon!'ei

vs. )(C

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". Contents o# /y-la's3 reuisites o# a vali" /y-la'%rovision

e. A1en"1ent to /y-la's +)ec. 5

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(. $re-e1%tive ri!ht +)ec. 4@ CC*. A%%raisal Ri!ht

0. Conce%t o# a%%raisal ri!ht,. Instances o# a%%raisal ri!ht +)ec.

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VIII. NON-)TOCG COR$ORATION)

De#inition an" %ur%oses o# a non-stoc cor%oration +)ec.

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(. Conce%t o# Reha/ilitation3 (##ects o# a%%oint1ent o#1ana!e1ent co11ittee

or receiver

CASES: >elano vs. CA 064 )CRA @63 Vesa!as vs. CA Dec. : ,66,3

$hil. Veterans vs. Ve!a ;une ,arcia et alvs. $A& ,@ Au!ust ,66=3 )o/reFuanite vs. A)B 46 )e%te1/er ,66:3RCBC vs. IAC 6@ Dece1/er 0@@@3

JV. *OR(I>N COR$ORATION)

A. Conce%t o# #orei!n cor%orationB. Tests to "eter1ine nationality o# a cor%orationC. Conce%t o# L"oin! /usinessL an" the license reuire1ent

there#or3 )ee also )ec. 4+" RA =65,D. (##ects o# /ein! issue" a license(. Revocation an" 'ith"ra'al o# license

CASES: *acilities Mana!e1ent vs. De la Osa .R. No. 0:520TV& ,< May ,66=

JVI. )(C ;URI)DICTION

A. $o'ers an" #unctions o# the )(CB. Cases trans#erre" to the RTC

CASES: uFuico vs. Kuia1/ao ,@ ;anuary ,662 3 Baviera vs.$a!lina'an 6< *e/ruary ,66=3 )(C vs. $er#or1ance *orei!n (?chan!eCor%. ,6 ;uly ,662

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