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Corporations created by special laws are governed primarily by their charters, with the Revised Corporation Code applying only in a supplementary manner. Corporators are individuals who compose a corporation, while incorporators are the original members named in the Articles of Incorporation. Corporations can be classified into stock and nonstock types, with stock corporations able to issue shares and distribute dividends, while nonstock corporations cannot distribute profits to members.

Author

yannieee crbt

Language

EN