Question
1.Based on the provisions of Revised Corporation Code for nonstock corporations, are there other regulatory agencies of the government regulating nonstock corporations? If your answer
1.Based on the provisions of Revised Corporation
Code for nonstock corporations, are there other regulatory agencies of the government regulating nonstock corporations? If your answer is in the affirmative, enumerate and explain the need for regulations of nonstock corporations?
2.What indispensable roles you think are being played by nonstock corporations to achieve Philippine economic development. Would you suggest any that should be advocated and should be delivered by nonstock corporations?
3.If a stock corporation will convert it into nonstock corporation, how would the stock corporation proceed to execute its conversion based on the provisions of the RCC already discussed?
4.What is the rationale why a nonstock corporation cannot be converted outright into a stock corporation through amendment of the articles of incorporation? Explain.
5.What regulations would you suggest in order to prevent abuses of nonstock corporations? Justify your suggestion.
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