Law 22 (Law on Business Organizations & Intellectual Properties) Departmental Syllabus Marketing and Law Department Second Semester

SY 2012-13 (Bunyi, Reynante, Santiago, Valdez) Course Description An introduction to the basic provisions of the Corporation Code, and general concepts in intellectual property law, the protection they guarantee, and the actions and remedies involved therein. Course Objective The student is expected to have a good understanding of the legal personality of corporations, how they are formed, and their basic difference from single proprietorships, and partnerships. The student must also be able to differentiate copyright, trademarks and trade names, and patents, how they are acquired, and enforced. Course Outline and Timeframe THE LAW ON CORPORATIONS Weeks 1 to 2 I. Definitions and Classifications Corporation defined Classes of Corporations Corporators and Incorporators, Stockholders & Members Classification of Shares 1.4.1 Founders Shares 1.4.2 Redeemable Shares 1.4.3 Treasury Shares Weeks 3 to 4 II. Incorporation and Organization of Private Corporations Number and Qualifications of Corporations Corporate Term Minimum Capital Stock Required of Stock Corporations Amount of Capital Stock to be Subscribed & Paid for Incorporation Contents of Articles of Incorporation Amendment of Articles of Incorporation Commencement of Corporate Existence De Facto Corporations Corporation by Estoppel Weeks 5 to 6 III. Board of Directors / Trustees / Officers 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 The Board of Directors or Trustees Election of Directors or Trustees Corporate Officers, Quorum Disqualification of Directors, Trustees, or Officers Removal of Directors or Trustees Liability of Directors, Trustees, or Officers Dealings of Directors, Trustees, or Officers with the Corporation Disloyalty of a Director Executive Committee

Weeks 7 to 8 IV. Powers of Corporations Corporate Powers and Capacity

Power to Extend or Shorten Corporate Term Power to Increase or Decrease Capital Stock; Incur , Create, or Increase Bonded Indebtedness Power to Deny Pre-emptive Right Sale or other Disposition of Assets Power to Acquire Own Shares Power to Invest Corporate Funds in another Corporation or \ Business Power to Declare Dividens Power to Enter into Management Contract Ultra Vires Acts of Corporations Week 9 V. By-Laws

Adoption of By-Laws Contents of By-Laws Amendment to By-Laws VI. Meetings

Week 10 Departmental Mid-terms January 19, 2013; Saturday; 9:00 11:00 am Weeks 11 - 14 VII. Stocks and Stockholders Subscription Contract Pre-incorporation Subscription Consideration of Stock and Transfer of Shares Rights of Unpaid Shares VIII. IX. Corporate Books and Records Merger and Consolidation 9.1 9.2 9.3 9.4 9.5 X. Plan of Merger or Consolidation Stockholders or Members Approval Articles of Merger or Consolidation Effectivity of Merger or Consolidation Effects of Merger or Consolidation

Appraisal Right 10.1 10.2 Instances of Appraisal Right How Right is Exercised

XI. XII. XIII. XIV.

Non-stock Corporations Close Corporations Special Corporations Religious Corporations

Weeks 15 to 17 Selected provisions of the Philippine Civil Code on Partnerships Selected sections of the Intellectual Property Code, with focus on basic provisions governing copyright, trademarks and trade names, and patents.