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)