RFBT - Revised Corporation Code

RFBT - Revised Corporation Code

By Rosaifa Radi

What is a corporation

A corporation is an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence.

Revised Corporation Code

​Stock corporations

Poll

Can a corporation be a partner in a partnership?

• YES, in all cases.

• Definitely NO.

• Yes, in exceptional cases.

• I don't know.

Fill in the Blank

_ are those which have capital stock divided into shares and are authorized to distribute to the holders of such shares, dividends, or allotments of the surplus profits on the basis of the shares held.