Practice question
Under Section 18, when does a private corporation organized under the RCC commence corporate existence and juridical personality?
- When founders first discuss the idea
- When a website is launched
- When a proposed name is merely written down
- When the first customer pays
- When the SEC issues the certificate of incorporation under its official seal
Legal references
- RA 11232, Section 18: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
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