About this document
Understanding Section 86: Non-Stock Corporations by renhasfallen2 is a document available to read on EtoBox.
This document defines and outlines the purpose and governance of non-stock corporations under Philippine law. Key points include: 1) Non-stock corporations cannot distribute profits to members as dividends and must use any profits to further their organizational purpose. They also cannot engage in business for profit. 2) Non-stock corporations can be formed for charitable, religious, educational, professional, cultural, fraternal, literary, scientific, social, civil service, industry, agricultural, and s
- Author
- renhasfallen2
- Language
- EN