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Corporate Law Notes: Historical Background (01/21)

  1. Philippine Corporate Law: A sort of codification of American Corporate Law

  2. Corporation Law (Act. No 1459) - Effective April 1 1906

  3. The Corporation Code (B.P. 68) - Effective May 1, 1980 (adopted the old, clarified the obligations of BOD, Trustees and officers and added provisions on closed corporations)

  4. Proper Treatment of Philippine Corporate Law - adopts with changing times (i.e. commerce)