Extension of Corporate Existence of Baguio Country Club Corp.
Republic Act No. 2040, enacted on June 23, 1957, extends the corporate existence of the Baguio Country Club Corporation for an additional fifty years from February 19, 1957. The extension is contingent upon the corporation filing amended articles of incorporation with the Securities and Exchange Commission, certified by the corporation's president, secretary, and majority of the board of directors. The Act also stipulates that the SEC may charge the same fees for filing these amendments as for original articles of incorporation. Additionally, any conflicting laws are repealed, and the Act takes effect upon approval.
Law Information
- Reference Number
- Republic Act No. 2040
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 23, 1957
REPUBLIC ACT NO. 2040
AN ACT TO EXTEND THE CORPORATE EXISTENCE OF THE BAGUIO COUNTRY CLUB CORPORATION
SECTION 1. The corporate existence of the Baguio Country Club Corporation is hereby extended for fifty years counting from the nineteenth day of February, nineteen hundred and fifty-seven, subject to the filing by said corporation with the Securities and Exchange Commission of a copy of its amended articles of incorporation, duly certified to be correct by the president and the secretary of the corporation and a majority of the board of directors, setting out that its corporate existence is to expire fifty years from the nineteenth day of February, nineteen hundred and fifty-seven. cd i
SECTION 2. The Securities and Exchange Commission shall be entitled to collect and receive for the filing of the amended articles of incorporation, referred to in section one, the same fees that it may be entitled to collect and receive for the filing of articles of incorporation as now provided by law.
SECTION 3. All Acts or parts of Acts inconsistent or in conflict with this Act are hereby repealed. cd
SECTION 4. This Act shall take effect upon its approval.
Enacted without Executive approval, June 23, 1957.
Published in the Official Gazette, Vol. 53, No. 23, p. 8498 on December 15, 1957
Cite This Law
Extension of Corporate Existence of Baguio Country Club Corp., Republic Act No. 2040, Jun 23, 1957 (Philippines)
Extension of Corporate Existence of Baguio Country Club Corp., Republic Act No. 2040 (Phil. 1957)
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