Title IV

Powers of Corporations

• Sec. 35Corporate Powers and Capacity
• Sec. 36Power to Extend or Shorten Corporate Term
• Sec. 37Power to Increase or Decrease Capital Stock; Incur, Create or Increase Bonded Indebtedness
• Sec. 38Power to Deny Preemptive Right
• Sec. 39Sale or Other Disposition of Assets
• Sec. 40Power to Acquire Own Shares
• Sec. 41Power to Invest Corporate Funds in Another Corporation or Business or for Any Other Purpose
• Sec. 42Power to Declare Dividends
• Sec. 43Power to Enter into Management Contract
• Sec. 44Ultra Vires Acts of Corporations

Text of Republic Act No. 11232 (approved February 20, 2019), which repealed Batas Pambansa Blg. 68, the 1980 Corporation Code.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.