Revised Corporation Code: Sec. 1-5

Question 1

The Revised Corporation Code of the Philippines is also known as ___?

Answer 1

Republic Act no. 11232

Question 2

___ 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.

Answer 2

Corporation

Question 3

According to Section 3 of the Revised Corporation Code, what are the two classes of corporation?

Answer 3

Stock and Non-stock corporation

Question 4

___ are those who compose a corporation, whether as stockholders or shareholders in a stock corporation or as a members in a non-stock corporation.

Answer 4

Corporators

Question 5

___ are those stockholders or members mentioned in the articles of incorporation as originally forming and composing the corporation and who are signatories thereof.

Answer 5

Incorporators

Question 6

According to Section 4 of the Revised Corporation Code, corporations created by special laws or charters shall be governed primarily by the ___?

Answer 6

provisions of the special law or charter creating or applicable to them

Question 7

According to Section 4 of the Revised Corporation Code, the special law or charters applied shall be supplemented by ___?

Answer 7

by the provisions of this Code, insofar as they are applicable

Question 8

When was the Revised Corporation Code passed by the Senate and the House of Representatives?

Answer 8

November 28, 2018

Question 9

When was the Revised Corporation Code approved?

Answer 9

February 20, 2019

Question 10

Who approved the Revised Corporation Code?

Answer 10

President Rodrigo Roa Duterte

Question 11

The Revised Corporation Code is a consolidation of ___ and ___.

Answer 11

Senate Bill No. 1280 and House Bill No. 8374

Question 12

The seventeenth Congress’ third regular session was begun and held in Metro Manila on ___?

Answer 12

July 23, 2018, Monday