SEC. 20 of Batas Pambansa Blg. 68 "The Corporation Code of the Philippines" refers to De facto corporations as follows:
SEC. 20. De facto corporations. The due incorporation of any corporation claiming in good faith to be a corporation under this Code, and its right to exercise corporate powers, shall not be inquired into collaterally in any private suit to which such corporation may be a party. Such inquiry may be made by the Solicitor General in quo warranto proceeding.
