Angara Abello Concepcion Regala and Cruz

August 30, 1995 Angara Abello Concepcion Regala and Cruz Accra Bldg.,122 Gamboa St. Legaspi Village 0770 Makati, Metro Manila Attention : Atty . Rolando F . Del Castillo S i r : This refers to your letter dated July 14, 1995, informing the Commission that the International Rice Research Institute (IRRI), a non-stock, non-profit corporation incorporated under the old Corporation Law, is now an international organization. As stated, on May 19, 1995, an International Agreement was entered into by the Philippine Government and other states confirming the international legal personality of IRRI and its status as an international organization. Allegedly, the Agreement as well as its New Charter attached to your letter became effective as of May 19, 1995, and hence, IRRI is now governed by said New Charter and no longer by its Articles of Incorporation and By-laws. cdll Please be advised that the present status of IRRI as an international organization does not affect its legal status as a corporation registered under the Corporation Law, now the Corporation Code. Unless there is a statutory provision to the contrary, the Corporation continues to exist as such notwithstanding its status as an international organization until it is formally dissolved in accordance with the provisions of the law under which it was created. Furthermore, to legally effect any change in the articles of incorporation and by-laws of registered corporations, it is necessary that Sections 16 and 48 of the Corporation Code shall be complied with, respectively. Please be advised accordingly. (SGD.) FE ELOISA C. GLORIA Associate Commissioner