Corporation Law

1. Organization of Corporations

1.1. Articles of Incorporation

1.2. By-laws

1.3. Treasurer's Affidavit

1.4. Bank Certificates

1.5. Double 25% Requirement

2. Stocks and Subscriptions

2.1. Treasury shares

2.2. Founder's shares

2.3. Common shares

2.4. Preferred Shares

3. Dividends

3.1. Conditions

3.1.1. Unrestricted Retained Earnings

3.1.2. 2/3 votes of Board of Directors

4. Directors

4.1. Qualifications

4.1.1. 1 Share Capital Stock

4.1.2. Legal Age

4.1.3. Resident of the Philippines

4.1.4. Not Convicted by final judgment of Crime punishable with a penalty of 6 years

5. Dissolution

5.1. Voluntary Dissolution

5.2. Involuntary Dissolution

5.3. Shortening of Corporate Term

5.4. Expiration of Term

6. Definition and Attributes

6.1. Artifical Being

6.2. Separate and Distinct Personality

6.3. Created by Operation of Law

6.4. Right to Succession

6.5. Powers Conferred by Law

7. Components

7.1. Incorporators

7.2. Corporators

7.3. Stockholders

7.4. Directors

7.5. Corporate Officers