SEC. 10. Section 15 of the same Act is hereby amended to
read as follows:
"SECTION 15. Incorporation. The
members of the first Board of Directors shall be elected by the
stockholders and the incorporation shall be held to have been effected
from the date of the first meeting of such Board."
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
CitationPD 813 Section 10 (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).