Practice question
A corporation incorporated solely under foreign law seeks an admitted public-utility franchise. Sixty percent of its capital belongs to Filipinos, but it concedes it is not organized under Philippine laws. It argues the capital percentage alone satisfies every corporate condition in Section 11. Which is correct?
- The percentage automatically cures every other constitutional condition
- Section 11 independently requires organization under Philippine laws for the corporate route
- Foreign incorporation automatically makes every owner Filipino
- A franchise application itself rewrites the Constitution
- Only the company’s logo determines eligibility
Legal references
- 1987 Constitution: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/3/353; Article XII, Section 11.
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