Legal Insights

Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

Showing 14 of 4 articles for non-stock corporations

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.