Revised Corporation Code of the Philippines

Which 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?

• Corporation

• Organization

• Civil Society

• Board of Trustees

Which is known as the Revised Corporation Code of the Philippines?

• R.A. 11166

• R.A. 11232

• R.A. 14583

• R.A. 44556

What do you call the members mentioned in the articles of incorporation as originally forming and composing the corporation and who are signatories thereof?

• Corporators

• Stockholder

• Board of Directors

• Incorporators

What do you call the corporators of a non-stock corporation?

• Stockholders

• Members

• Shareholders

• Trustees

What is the maximum number of incorporators?

• 5

• 3

• 15

• 10

Can a corporation sue and be sued?

• Yes

• No

Within how many years should a corporation formally organize and commence its business after the Commission issues its certificate of registration?

• 2

• 3

• 4

• 5

The directors or trustees elected shall perform their duties as prescribed by law, rules of ________________, and bylaws of the corporation.

When should the regular meeting of members be held?

• After April 15

• As stated in the bylaws

• Determined by the Board of Trustees

• All of the above

How many days should a notice be sent to members prior the Regular Meeting of Members?

• 5 working days

• 7 days

• 48 hours

• 21 days