RA 4850 Section 15

lncorporation.

Section 15

SEC. 15. lncorporation.—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. The Directors shall be elected in accordance with the provisions of Section thirty-one of Act Numbered One thousand four hundred fifty-nine, as amended, otherwise known as the Corporation Law.

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CitationRA 4850 Section 15 (LawPlayer, data as of 2026-07-04)

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

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