Title XII

Close Corporations

• Sec. 95Definition and Applicability of Title
• Sec. 96Articles of Incorporation
• Sec. 97Validity of Restrictions on Transfer of Shares
• Sec. 98Effects of Issuance or Transfer of Stock in Breach of Qualifying Conditions
• Sec. 99Agreements by Stockholders
• Sec. 100When a Board Meeting is Unnecessary or Improperly Held
• Sec. 101Preemptive Right in Close Corporations
• Sec. 102Amendment of Articles of Incorporation
• Sec. 103Deadlocks
• Sec. 104Withdrawal of Stockholder or Dissolution of Corporation

Text of Republic Act No. 11232 (approved February 20, 2019), which repealed Batas Pambansa Blg. 68, the 1980 Corporation Code. Shown as enacted; check SEC issuances for implementing rules. For information and research only, and not legal advice.