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Republic Act

AN ACT TO AMEND SECTION EIGHTEEN OF ACT NUMBERED FOURTEEN HUNDRED AND FIFTY-NINE, ENTITLED "THE CORPORATION LAW," BY PROVIDING FOR THE COLLECTION OF FEES FOR FILING COPIES OF AMENDED ARTICLES OF INCORPORATION, AND FOR OTHER PURPOSES.

Number
Act No. 2012
Date of approval
Sections
1
Section 1

SECTION 1. Section eighteen of Act Numbered Fourteen hundred and fifty-nine, entitled "The Corporation Law," is hereby amended to read as follows :

"SEC. 18. Any corporation may amend its articles of incorporation by a majority vote of its board of directors or trustees and the vote or written assent of two-thirds of its members, if it be a nonstock corporation, or, if it be a stock corporation, by the vote or written assent of the stockholders representing at least two-thirds of the subscribed capital stock of the corporation. A copy of the articles of incorporation as amended, duly certified to be correct by the president and the secretary of the corporation and a majority of the board of directors or trustees, shall be filed in the office of the chief of the division of archives, patents, copyrights, and trademarks of the Executive Bureau, who shall attach the same to the original articles of incorporation, on file in his office. From the time of filing such copy of the amended articles of incorporation, the corporation shall have the same powers and it and the members or stockholders thereof shall thereafter be subject to the same liabilities as if such amendment bad been embraced in the original articles of incorporation: Provided, however, That the life of said corporation shall not be extended by said amendment beyond the time fixed in the original articles: And provided, That the original articles and amended articles together shall contain all provisions required by law to be set out in the articles of incorporation : And provided further, That nothing in this section shall be construed to authorize any corporation to increase or diminish its capital stock or so as to affect any rights or actions which accrued to others between the time of filing the original articles of incorporation and the filing of the amended articles.

"The chief of the division of archives, patents, copyrights, and trade-marks shall be entitled to collect and receive the sum of ten pesos for filing said copy of the amended articles of incorporation."

Enacted, January 13, 1911.

1 sections

Cite this law

AN ACT TO AMEND SECTION EIGHTEEN OF ACT NUMBERED FOURTEEN HUNDRED AND FIFTY-NINE, ENTITLED "THE CORPORATION LAW," BY PROVIDING FOR THE COLLECTION OF FEES FOR FILING COPIES OF AMENDED ARTICLES OF INCORPORATION, AND FOR OTHER PURPOSES. (Official Gazette). Retrieved via LawPlayer, https://lawplayer.com/ph/act/act-2012

Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).

No copyright in works of the Government (RA 8293 s.176)

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