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Act No. 190 Section 198

Like actions against a corporation.

Section 198

SEC. 198. Like actions against a corporation. — A like action may be brought against a corporation: 1. When it has offended against a provision of an act for its creation or renewal, or any act altering or amending such act; 2. When it has forfeited its privileges and franchises by nonuser; 3. When it has committed or omitted an act which amounts to a surrender of its corporate rights, privileges, or franchises; 4. When it has misused a franchise, privilege, or right conferred upon it by law or when it has exercised a franchise, privilege, or right in contravention of law.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IX →

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

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

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