Practice question
Founders obtain reservation of a proposed corporate name but have not yet received a certificate of incorporation. Under Section 18’s commencement rule, does name reservation alone establish the corporation’s juridical personality?
- No; reservation is preliminary to the statutory certificate-issuance event
- Yes, every reservation is the certificate itself
- Yes, if a logo is attractive
- Yes, if the founders announce it publicly
- Yes, if a bank account is planned
Legal references
- RA 11232, Section 18: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
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