RA 11232 CHAPTER II

Section 91–92 · 2 provisions

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Election and Term of Trustees.

Section 91

SEC. 91. Election and Term of Trustees. - The number of trustees shall be fixed in the articles of incorporation or bylaws which may or may not be more than fifteen (15). They shall hold office for not more than three (3) years until then-successors are elected and qualified. Trustees elected to fill vacancies occurring before the expiration of a particular term shall hold office only for the unexpired period. Except with respect to independent trustees of nonstock corporations vested with public interest, only a member of the corporation shall be elected as trustee. Unless otherwise provided in the articles of incorporation or the bylaws, the members may directly elect officers of a nonstock corporation.

List of Members and Proxies, Place of Meetings.

Section 92

SEC. 92. List of Members and Proxies, Place of Meetings. - The corporation shall, at all times, keep a list of its members and their proxies in the form the Commission may require. The list shall be updated to reflect the members and proxies of record twenty (20) days prior to any scheduled election. The bylaws may provide that the members of a nonstock corporation may hold their regular or special meetings at any place even outside the place where the principal office of the corporation is located: Provided, That proper notice is sent to all members indicating the date, time and place of the meeting: Provided, further, That the place of meeting shall be within Philippine territory.

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Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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