Corporation Code of the Philippines

Philippines

(enacted in 1980)

The Corporation Code of the Philippines of 1980 governs the creation, activities and dissolution of corporations.

Some microfinance institutions in the Philippines are organized as not-for-profit organizations which are structured as “non-stock corporations.” Non-stock corporations are addressed in Title XI of the Corporation Code of the Philippines. Sections 14, 17, 19 and 46 govern the registration of NGO-MFIs. Section 88 of Title XI of the Corporation Code provides additional details on the purposes for which Non-stock corporations may be organized. Sections 14, 17, 19 and 46 govern the registration of NGO-MFIs.