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BP 68 (The Corporation Code of the Philippines) Section 115

BP 68 (The Corporation Code of the Philippines) Section 115

Dissolution.

Section 115

SEC. 115. Dissolution.—A corporation sole may be dissolved and its affairs settled voluntarily by submitting to the Securities and Exchange Commission a verified declaration of dissolution. The declaration of dissolution shall set forth: The name of the corporation; The reason for dissolution and winding up; The authorization for the dissolution of the corporation by the particular religious denomination, sect or church; The names and addresses of the persons who are to supervise the winding up of the affairs of the corporation. Upon approval of such declaration of dissolution by the Securities and Exchange Commission, the corporation shall cease to carry on its operations except for the purpose of winding up its affairs. (n)

Read the full instrument → · Open the chapter this section belongs to: Chapter II—Religious Corporations →

Other provisions in Chapter II—Religious Corporations

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationBP 68 (The Corporation Code of the Philippines) Section 115 (LawPlayer, data as of July 4, 2026)

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

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