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Documenti di Professioni
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INTRODUCTION
B. Attributes of a corporation
1. Artificial being
a. Doctrine of Corporate Entity
(i) residence and nationality
(ii) constitutional rights
(iii) criminal liability
(iv) right to recover moral damages
3. Right of Succession
CASES: Lyceum of the Philippines vs. CA, 219 SCRA 612; Ang Mga Kaanib sa Iglesia ng Dios vs. Iglesia
ng Dios Kay Kristo Jesus, December 12, 2001; Industrial Refractories Corporation of the Phils. vs.
Refractories Corp. of the Phils., Oct. 3, 2002; JG Summit Holdings vs. CA, September 24, 2003; Young
Auto Supply vs. CA, 223 SCRA 670; Republic Planters Bank vs. Agana, 269 SCRA 1; Castillo, et. al. vs.
Balinghasay, et. al. G.R. No. 150976, October 18, 2004
C. Corporate Officers
1. concept of corporate officers
2. validity and binding effect of acts of corporate officers
3. doctrine of apparent authority
CASES: Grace Christian Highschool vs. CA, 281 SCRA 133; Gokongwei vs. SEC, 89 SCRA 336; Western
Institute of Technology vs. Salas, 278 SCRA 216; Nacpil vs. International Broadcasting Corp., March 21,
2002; People's Aircargo vs. CA, Oct. 7, 1998; Prime White Cement vs. IAC, 220 SCRA 103; Santos vs.
NLRC, 254 SCRA 673; Sps. David, et al vs. Construction Industry and Arbitration Commission, G.R. No.
159795, July 30, 2004; Malayang Samahan ng mga Manggagawa vs. Ramos, April 20, 2001; Inter-Asia
Investments Industries vs. CA, GR 125778, June 10, 2003; Lapu-lapu Foundation, Inc. vs. CA, GR 126006,
January 29, 2004; Hydro Resources Contractors Corporation vs. National Irrigation Administration, G.R.
No. 160215 November 10, 2004; Monfort Hermanos Agricultural Development Corp. vs. Monfort, III, et.al.,
G.R. No. 152542, July 8, 2004; McLeod vs. NLRC, et al., 23 January 2007; Carag vs. NLRC, 02 April 2007
V. CORPORATE POWERS
A. Doctrine of limited capacity; concept of ultra vires act (Sec. 45, CC)
B. Classes of corporate powers (express, implied and incidental)
C. Statutory powers of a corporation and the limitations on their exercise (Sec.
36, CC)
1. amendment of articles of incorporation (Sec. 16, CC)
2. extension/shortening of corporate term (Sec. 37, CC)
3. increase or decrease of capital stock (Sec. 38, CC)
4. incurrence, creation or increase of bonded indebtedness (Sec. 38, CC)
5. sale or disposition of assets (Sec. 40, CC)
6. acquisition of corporate shares (Sec. 41, CC) (See Trust Fund Doctrine)
7. investment of corporate funds (Sec. 42, CC)
8. declaration of dividends (Sec. 43, CC)
9. management contract (Sec. 44, CC)
10. adoption/amendment of By-laws
a. Concept, use and nature of by-laws
b. By-laws in relation to articles of incorporation
c. Adoption of by-laws (Sec. 46, CC); effect of non-filing within the
prescribed period
d. Contents of by-laws; requisites of a valid by-law provision
e. Amendment to by-laws (Sec. 48, CC)
f. By-laws in relation to third parties
11. merger and consolidation
a. Requisites of and procedure for merger and consolidation (Sec. 77,
CC)
b. Effects of merger or consolidation (Sec. 80, CC)
CASES: Nielson & Co. vs. Lepanto Consolidated Mining Co., 26 SCRA 540; Islamic Directorate vs. CA,
272 SCRA 454; Dee vs. SEC, 199 SCRA 238; PNB vs. Andrada Electric, April 17, 2002; Loyola Grandvillas
Homeowners Association vs. CA, 276 SCRA 681; China Banking Corporation vs. CA, 270 SCRA 503;
Associated Bank vs. CA, 291 SCRA 511; Babst vs. CA, January 26, 2001; Mindanao Savings vs. Willkom,
11 October 2010
CASES: Lee vs. CA 205 SCRA 725; Republic vs. Sandiganbayan, April 30, 2003; Republic vs. Cocofed,
December 12, 2001; Evangelista vs. Santos, 86 SCRA 387; Chua vs. CA, GR No. 150793, November 19,
2004; Expert Travel & Tours, Inc. vs. Court of Appeals and Korean Airlines GR No. 152392, May 26, 2005;
Gonzales vs. PNB, 122 SCRA 489
CASES: Nava vs. Peers Marketing, 74 SCRA 65; Lim Tay vs. CA, August 5, 1998; Rural Bank of Lipa vs.
CA, Sept. 28, 2001; Ponce vs. Alsons Cement, Dec. 10, 2002; Ong Yong, et al. vs. Tiu, et al., G.R. Nos.
144476 & 144629, April 8, 2003
VIII. NON-STOCK CORPORATIONS
CASES: Long vs. Basa, et al. , Sept. 27, 2001; Sta. Clara Homeowners' Association vs. Sps. Gaston, Jan.
23, 2002; Padcom vs. Ortigas Center, May 9, 2002; Tan vs. Sycip 17 August 2006
A. Concept; distinguished from open corporations (Sec. 96, 97, 101, & 102, CC)
B. Permissive provisions in the articles of incorporation (Sec. 97, CC)
C. Restrictions on transfer of shares (Sec. 98 & 99 CC)
CASES: Dulay Enterprises vs. CA, 225 SCRA 678; San Juan Structural Steel Fabricators, 296 SCRA 632
X. RELIGIOUS/EDUCATIONAL CORPORATIONS
A. Classes of Religious Corporation
1. corporation sole
2. religious society
B. Educational Corporation
CASES: Gelano vs. CA, 103 SCRA 90; Vesagas vs. CA, Dec. 5, 2002; Phil. Veterans vs. Vega, June 28,
2001; Tan Tiong Bio vs. CIR, 4 SCRA 986; Rebollido vs. CA, 170 SCRA 800; Clarion Printing House, Inc.
vs. NLRC, GR No. 148372, June 27, 2005; Lingkod Manggagawa sa Rubberworld vs. Rubberworld Phils.,
Inc. 29 January 2007; Garcia, et al vs. PAL, 29 August 2007; Sobrejuanite vs. ASB, 30 September 2005;
RCBC vs. IAC, 09 December 1999;
CASES: Facilities Management vs. De la Osa, 89 SCRA 131; Home Insurance vs. Eastern Shipping Lines,
123 SCRA 424; Mentholatum, Inc. vs. Mangaliman, 73 Phil 524; Eriks vs. CA, 267 SCRA 567; MR Holdings
vs. Sheriff Bajar, April 11, 2002; Hutchison Ports vs. SBMA, August 31, 2000; Antam Consolidated vs. CA,
143 SCRA 288; Mentholatum vs. Mangaliman, 72 Phil 524; Merrill Lynch Futures, Inc. vs. CA, 211 SCRA
824; Agilent Technologies Singapore vs. Integrated Silicon Technology Philippines Corporation, G.R. No.
154618, April 14, 2004; Expertravel & Tours, Inc. vs. Court of Appeals and Korean Airlines GR No. 152392,
May 26, 2005; B. Van Zuiden vs. GTVL, 28 May 2007
CASES: Yujuico vs. Quiambao, 29 January 2006; Baviera vs. Paglinawan, 08 February 2007; SEC vs.
Performance Foreign Exchange Corp., 20 July 2006