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1. Name of corporation;
2. Purpose/s, indicating the primary and secondary purposes;
3. Place of principal office;
4. Term which shall not be more than 50 years;
5. Names, citizenship and residences of incorporators;
6. Number, names, citizenships and residences of directors;
7. If stock corporation, amount of authorized capital stock, number of shares;
8. In par value stock corporations, the par value of each share;
9. Number of shares and amounts of subscription of subscribers which shall not be less than 25% of authorized capital stock;
10. Amount paid by each subscriber on their subscription, which shall not be less than 25% of subscribed capital and shall not be less than P5000.00;
11. Name of treasurer elected by subscribers;and
12. If the corporation engages in a nationalized industry, a statement that no transfer of stock
will be allowed if it will reduce the stock ownership of Filipinos to a percentage below the required legal minimum.
2. Purpose/s, indicating the primary and secondary purposes;
3. Place of principal office;
4. Term which shall not be more than 50 years;
5. Names, citizenship and residences of incorporators;
6. Number, names, citizenships and residences of directors;
7. If stock corporation, amount of authorized capital stock, number of shares;
8. In par value stock corporations, the par value of each share;
9. Number of shares and amounts of subscription of subscribers which shall not be less than 25% of authorized capital stock;
10. Amount paid by each subscriber on their subscription, which shall not be less than 25% of subscribed capital and shall not be less than P5000.00;
11. Name of treasurer elected by subscribers;and
12. If the corporation engages in a nationalized industry, a statement that no transfer of stock
will be allowed if it will reduce the stock ownership of Filipinos to a percentage below the required legal minimum.
