Practice question
A corporation submits a voluntary deed to acquire private registered land. The deed lists the company name but says nothing showing the corporation's legal qualification to acquire private land. Its officer insists that corporate registration alone eliminates this documentary requirement. Which rule applies?
- No qualification recital is required for any corporation
- Section 55 requires the instrument to contain a recital showing the corporation or association is legally qualified to acquire private lands
- Any corporation may acquire land without legal restrictions
- The officer's personal citizenship conclusively settles the corporation's qualification
- The Register of Deeds must treat the corporation as a natural person
Legal references
- PD 1529 Sections 51–56 and 112: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html
Answer this question in flashcards to review your response and continue practicing.