Vous êtes sur la page 1sur 2

BUSORG2 OUTLINE 3 (2017)

Prof. M.I.P. Romero

Xl. CORPORATE POWERS

1 Express, Implied, Inherent - Sections 36 to 45

Y-1 Leisure v, Yu GR 207161; Sept. 8, 2015

2) Ultra Vires Doctrine --- Sec. 45; Legal Consequences

RP v. Acoje Mining (1963) 7 SCRA 631


National Power Corp. v. Vera (1989) 170 SCRA 721
Govt. of the P.I. v. El Hogar Filipino 50 Phil. 399
Pirovano, et al v. De la Rama (1954) 96 Phil. 335
Harden, et al v. Benguet (1933) 58 Phil. 141
Bissel v. Michigan Southern 22 NY 258; 1860
Gokongwei Jr. v. SEC, et al. 89 SCRA 336 (1979)

XlI. CONTROL & MANAGEMENT

1 Board of Directors/Trustees

a) Sections 23, 27 (qualifications/disqualifications)

Ramirez v. Orientalist Co. & Fernandez 38 Phil 634


Expert Travel & Tours, Inc v. CA 459 SCRA 147
-- RA 8792 and SEC MEMO Circ. 15 (Nov. 30, 2001)
Citibank NA v. Chua 220 SCRA 75
Boyer-Roxas v. CA 211 SCRA 470
Govt. of P. I. v. El Hogar Filipino 50 Phil. 399 (1927)
Gokongwei v. SEC 89 SCRA 336 (1979)

b) Non-stock corp. Sec. 92

c) Close corp. - Secs. 97 (par.1, no.2), 97 (par.2), Sec.104

d) Special corporations Educational --- Sec. 108


Religious Sec. 110-113, Sec. 116 (6)
e) Meetings Sec. 25, 49, 53, 54
Close corp. Sec. 97(3), 101

f) Elections of DIR/TEES - Sec. 24, 26, 27

Stock and non-stock corp manner of voting


Removal Sec. 28
Vacancy Sec. 29; 111(4) and 114 on corp. sole

Rev. Ao-as v. CA June 20, 2006


Valle Verde CC v. Africa Sept. 4, 2009

2 Officers Sec. 25, 92 (par. 3), 97 (last par.), 26, 27, 31, 32

Yu Chuck v. Kong Li Po 46 Phil 608


Woodchild Holdings v. Roxas Electric 436 SCRA 235
Bd. Of Liquidators v. Heirs of Kalaw 20 SCRA 987
Inter-Asia Investment v. CA June 10, 2003
Zamboanga Transpo. V. Bachrach Motors 52 Phil 244
Marc ll v. Joson Dec. 12, 2011
E.B. Villarosa v. Benito 312 SRA 65 (1999)

3 Board Committees versus Executive Committee - Sec. 35

Hayes v. Canada Atlantic & Plant S.S. Co., Ltd. (1910)


US Circuit CA, First Circuit 181 F. 289
Filipinas Port Services, Inc. v. Go 518 SCRA 453 (2007)

4 Stockholders

a) Sec. 23 and other provisions requiring SHs action


b) Meetings Sec. 49, 50, 51, 52, 54, 55, 56, 57, 93
Tan v. Sycip G.R. 153468 (Aug.17, 2006)
c) Deadlocks in close corps Sec. 104; provisional director

5 Members Sec. 89
SEC Memo Circ. No. 4, series of 2004.
Distinguish from Sec. 24 (election of trustees)