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Act
Approved June 22, 1963

Republic Act No. 3634

An act providing for the incorporation of professional, civic, or other non-profit or non-stock organizations, amending for the purpose the corporation law

An Act Providing for the Incorporation of Professional, Civic, or Other Non-Profit or Non-Stock Organizations, Amending for the Purpose the Corporation Law

In plain language

Republic Act No. 3634 amends the Corporation Law to allow professional, civic, and other non‑profit or non‑stock organizations that have existed for at least fifteen years to incorporate as non‑stock or non‑profit corporations. It inserts a new section (Section 74) requiring a two‑thirds written consent of voting members and provides the necessary articles of incorporation and filing requirements. The Act takes effect upon approval.

  • Insertion of Section 74 allowing incorporation after 15 years
  • Requirement of two‑thirds written consent of voting members
  • Specification of principal office location within the Philippines
  • Mandate to file articles of incorporation with the Securities and Exchange Commission
  • Retention of previous corporate privileges and obligations
non-profit
corporation law
incorporation
Philippines

REPUBLIC ACT No. 3634

An Act Providing for the Incorporation of Professional, Civic, or Other Non-Profit or Non-Stock Organizations, Amending for the Purpose the Corporation Law

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Act Numbered Fourteen hundred fifty-nine, as amended, otherwise known as the Corporation Law, is further amended by inserting between Sections seventy-four and seventy-five thereof a new section which shall read as follows:

> "Sec. 74. Any professional, civil or other non-profit or non-stock organization in existence for fifteen years may, upon the written consent of two-thirds of the membership entitled to vote at a meeting called for the purpose, incorporate itself as a non-stock or non-profit corporation by filing with the Securities and Exchange and Exchange Commission articles of incorporation verified by affidavit or affirmation of its president or secretary, setting forth the following: > > "(1) That it is a professional, civic or any other non-profit on non-stock corporation; > > "(2) That two-thirds of its membership have given their written consent or have voted to incorporate at a meeting held for the purpose; > > "(3) The place where the principal office of the corporation is to established and located which place must be within the Philippines; > > "(4) The names and addresses of the members of the board. > > "Such corporation shall be entitled to continue its internal government under the terms and conditions of its constitution and by-laws, and to have all the privileges and obligations of other corporations established under this Act, except insofar as inconsistent with the provisions of its constitution and by-laws."

Section 2

This Act shall take effect upon its approval.

Approved: June 22, 1963.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.