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Showing 1–6 of 6 articles for “non-stock corporation”

Stock vs. Non-Stock Corporations in the Philippines: Key Differences

Understand the key differences between stock and non-stock corporations in the Philippines under the Revised Corporation Code, including ownership, governance, and profit distribution.

Piercing the Corporate Veil: When a Corporation’s Assets Answer for an Individual’s Debt

The Supreme Court explains when courts may pierce the corporate veil—even for non-stock corporations—to make corporate assets answer for an individual’s judgment debt.

Due Process in Membership Termination: The Imperative of Proper Notice in Non-Stock Corporations

Supreme Court ruling on Valley Golf clarifies that terminating a non-stock corporation membership requires proper notice under substantial justice principles.

Membership Termination in Non-Stock Corporations: Safeguarding Property Rights

The Calatagan Golf Club case clarifies that non-stock corporations must strictly follow their own by-laws before terminating membership or selling shares.

Can a Club Sell a Member's Share for Unpaid Dues? The Valley Golf Rule

When can a non-stock corporation sell a member's share for unpaid dues? The Supreme Court explains the limits of by-laws, liens, and due process.

When Club By-Laws Fail: Protecting Membership Shares from Unjust Seizure

A Supreme Court ruling on when a non-stock corporation may validly dispose of a member's share for unpaid dues, and the limits of by-law authority.