Sunday, August 30, 2015

Corporators, Incorporators, Stockholders and Members

SEC. 5. of RA No. 68 also known as "The Corporation Code of the Philippines" refers to the Corporators and incorporators, stockholders and members as follows:

SEC. 5. Corporators and incorporators, stockholders and members. - Corporators are those who compose a corporation, whether as stockholders or as members. Incoporators are those stockholders or members mentioned in the articles of incorporation as originally forming and composing the corporation and who are signatories thereof.

Corporators in a stock corporation are called stockholders or shareholders. Corporators in a non-stock corporation are called members.

Please refer  http://www.sec.gov.ph/laws/pdf/Corporation%20Code%20of%20the%20Philippines.pdf of the full text of RA No. 68 "The Corporation Code of the Philippines".

No comments:

Post a Comment