Incorporation of Professional, Civic or Other Non-Profit or Non-Stock Organizations

June 22, 1963 REPUBLIC ACT NO. 3634 AN ACT PROVIDING FOR THE INCORPORATION OF PROFESSIONAL, CIVIC, OR OTHER NON-PROFIT OR NON-STOCK ORGANIZATIONS, AMENDING FOR THE PURPOSE THE CORPORATION LAW SECTION 1. Act Numbered Fourteen hundred fifty-nine, as amended, otherwise known as the Corporation Law, is further amended by inserting between Sections seventy-four and seventy-five thereof a new section which shall read as follows: "SEC. 74. Any professional, civil or other non-profit or non-stock organization in existence for fifteen years may, upon the written consent of two-thirds of the membership entitled to vote at a meeting called for the purpose, incorporate itself as a non-stock or non-profit corporation by filing with the Securities and Exchange Commission articles of incorporation verified by affidavit or affirmation of its president or secretary, setting forth the following: casia "(1) That it is a professional, civic or any other non-profit on non-stock corporation; "(2) That two-thirds of its membership have given their written consent or have voted to incorporate at a meeting held for the purpose; "(3) The place where the principal office of the corporation is to established and located, which place must be within the Philippines; "(4) The names and addresses of the members of the board. "Such corporation shall be entitled to continue its internal government under the terms and conditions of its constitution and by-laws, and to have all the privileges and obligations of other corporations established under this Act, except insofar as inconsistent with the provisions of its constitution and by-laws." casia SECTION 2. This Act shall take effect upon its approval. Approved: June 22, 1963 Published in the Official Gazette, Vol. 59, No. 39, p. 6613 on September 30, 1963