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All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ I. CORPORATION LAW (R.A. No. 11232, Revised Corporation Code) ▸ B. Kinds of Corporation ▸ 2. Non-Stock Corporation - Sections 86-87

Question

B. Kinds of Corporation - Non-Stock Corporation

Mr. Juan Dela Cruz, together with his friends, established a non-profit organization dedicated to helping underprivileged children in their community. They decided to register their organization as a non-stock corporation in accordance with Sections 86-87 of the Corporation Code of the Philippines.

Given the scenario, answer the following questions:

  1. What is a non-stock corporation, and how is it different from a stock corporation?
  2. What are the requirements for the incorporation of a non-stock corporation?
  3. Discuss the powers and limitations of a non-stock corporation as provided by the Corporation Code.
  4. What are the procedures for the dissolution of a non-stock corporation?


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Bar Review Question: B. Kinds of Corporation - Non-Stock Corporation