Puruganan Chato Tan & Geronimo

July 1, 1996 Puruganan Chato Tan & Geronimo 8th Flr., Strata 200 Bldg., Emerald Avenue, Ortigas Center, Pasig, Metro Manila Attention : Atty . Edelburga R . Diego S i r : This refers to your letter dated June 18, 1996 requesting opinion on whether or not the principle espoused in the SEC Opinion dated April 16, 1991 addressed to Atty. Augusto B. Sunico, which states that " an officer or duty authorize agent or trustee who has been designated in Board Resolution of the corporate owner or member as its representative for the express purpose of qualifying him as director and whose appointment as such had been recorded in the corporate books may be eligible to be elected as director ", is also applicable in the case of " incorporators " of condominium corporation where all the members thereof are corporate entities . Under the situation stated in your letter, we find it logical and practical to apply the above principle also in the case of " incorporators ". Otherwise, condominium corporations whose members are all juridical or corporate members cannot be incorporated. llcd Very truly yours, (SGD.) FE ELOISA C. GLORIA Associate Commissioner