1 Sec. 3, 87, 88 --- stock and non-stock corporation Valley Golf Club v. Vda. De Caram 585 SCRA 218 (2009) Coll. of Int. Rev. v. Club Filipino 5 SCRA 321 (1962) 2 Other classes of corporations under the Corporation Code: Close corporation Sec. 96 Special corporations Educational, religious (Title XIII) Foreign corporations --- Sec. 123 Others: subsidiary (wholly-owned v. majority owned), affiliate, parent/holding company, joint venture corporation, open vs. close, lay vs. religious, eleemosynary vs. civil corp., etc. GOVERNED primarily by specific titles, then suppletorily by the other applicable provisions of the Corp. Code V. CREATION OF CORPORATION 1 Promotion (relate to Sec. 3.10. of Securities Regulation Code) Rizal Light &Ice,Inc. v. Pub. Serv. Comm 25 SCRA 285 McArthur v. Times Printing Co. 31 Am. St. Rep. 653 Cagayan Fishing v. Sandiko 65 Phil 223 Caram v. CA 151 SCRA 373 (1987) Old Dominion Copper Mining Co. v. Bigelow 203 Mass. 159 2. Incorporation 3. Formal organization versus commencement of business Sec. 19 VI. INCORPORATION 1) Steps in incorporation
2) Sections 5, 10 19, 88, 96, 97
3) Articles of Incorporation a) Sec. 14, 15 b) Amendment of A/I Sec. 16, Relate to: Sec. 36.4 power to amend Sec. 6 voting rights of non-voting shares Sec. 81[1]--- appraisal right Secs. 37, 38, 103 re written assent c) Binding effect of amendment Phil. Trust Co. v. Rivera 44 Phil. 469 (1923) Marcus v. RH Macy 74 N.E. 2d 228 (1947) IglesiaEvangelica v. Bishop Lazaro (G.R. 184088, July 6, 2010) 4) Citizenship requirements --- Sec. 140 --- pertinent provisions of the 1987 Constitution --- meaning of CAPITAL under Sec. 11, Art. 12 of the Constitution Gamboa v. Teves, et al (GR 176579; June 28, 2011 and Oct. 9, 2012) SEC Memo Circ. No. 8, s2013 (Guidelines in Fil-Foreign ownership) -- Foreign Investments Act (FIA) of 1991, as amended --- other laws imposing maximum foreign equity --- Philippine national under the FIA --- under the BSP --- Phil. corporation under the Corp. Code --- Foreign corporation under the Corp. Code --- Control Test v. Grandfather Rule Narra Nickel Mining v. Redmont (G.R. 195580; April 21, 2014) --- Nationality of corporation sole Roman Catholic Apostolic Admin.of Davao (102 Phil.596) 5) Residence of corporation Young Auto Supply Co. v. CA
(1993) 223 SCRA 670
7) Name of corporation (SEC Memo Circ. 14, Series of 2000)
Republic Planters Bank v. CA GR 93073 (Dec. 21,1992)
Philips Export B.V. v. CA
(1992) 206 SCRA 457 Lyceum of the Phils. v. CA (1993) 219 SCRA 610 Armco Steel Corp. v. SEC (L-54580; Dec. 29, 1987) Javier & Sons, Inc. v. CA (2005) 462 SCRA 36 Industrial Refractories Corp. v. CA (2002) 390 SCRA 252
P.C.
8) De jure corporations requisites, powers, liabilities, validity
9) De facto corporations Sec. 20 (requisites, basis, powers, rights, liabilities, validity ) Pioneer Insurance v. CA (GR 84157) 175 SCRA 668 (1989) Municipality of Malabang v. Benito (1969) 27 SCRA 533 Hall v. Piccio (1950) 86 Phil. 603 Cagayan Fishing. v. Sandiko GR L-43350 (12/23/1937) Harill v. Davis (1909) 168 F. 187 10 ) Corporation by Estoppel Sec. 21 (rationale, liabilities, validity) Asia Banking Corp. v. Std. Products Co. (1924) 46 Phil. 145 Cranson v. IBM Corp.(1964) 234 Md. 477; 200 A. 2d 33 Salvatierra v. Garlitos et al.(1958) 103 Phil. 757 Albert v. University Publishing Co., Inc. (1965) 13 SCRA 84 Chiang Kai Shek School v. CA (1989) 172 SCRA 389 Lim Tong Lim v. Phil. Fishing Gear (1999) 317 SCRA 728 Express Travel v. CA (2000) 343 SCRA 674 11) Corps. that are neither de jure, de facto, nor by estoppel
13. Gerardo Lanuza, Jr. and Antonio o. Olbes, v. Bf Corporation, Shangri-la Properties, Inc., Alfredo c. Ramos, Rufo b. Colayco, Maximo g. Licauco III, And Benjamin c. Ramos, g.r. No. 174938, October 01, 2014