Professional Documents
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CORPORATE POWERS,
LIABILITY FOR TORTS AND
CRIMINAL ACTS
4LM1
Tejada, Aisha Jenica
Pasion, Mary Anne
Torio, Alyanna Jasmine
NATURE OF CORPORATION
NATURE OF THE CORPORATION
o The Congress shall not, except by general law, provide for the
formation, organization, or regulation of private corporations.
Government-owned or controlled corporations may be created or
established by special charters in the interest of the common
good and subject to the test of economic viability. (Sec. 16, Art.
XII, 1987 Constitution)
Corporation as a Person:
a) Entitled to due process and equal protection
b) Unreasonable searches and seizure
c) Not entitled to privilege against self-incrimination
d) Not entitled to Moral damages
CORPORATE POWERS
CORPORATE POWERS
Refers to the right or capacity of a corporation to
perform all acts or things, except only those
forbidden by law and its articles of incorporation
in furtherance of its purpose/s
CORPORATE POWERS
A corporation has no power except those
expressly conferred on the Corporation Code and
its charter, and those implied or incidental to its
existence.
Right to succession
Right to have a corporate name
Right to make by-laws
Right to sue and be sued
Right to acquire and hold properties for the
purposes authorized by the charter
Right to adopt and use a corporate seal
Right to contract
CORPORATE POWERS
3. Implied – inferred from or necessary for the
exercise of express powers
• Offender
offense
criminal acts
• Offender
3. Alien- deportation