Donation of Real Properties to a Corporation | 29 July 2024

Every corporation incorporated under the Revised Corporation Code has the power and capacity, among others, to receive real and personal property, subject to the limitations prescribed by law and the constitution. (Section 35, par. g, R.A. No. 11232)

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Alburo Law
July 29, 2024

Every corporation incorporated under the Revised Corporation Code has the power and capacity, among others, to receive real and personal property, subject to the limitations prescribed by law and the constitution. (Section 35, par. g, R.A. No. 11232)

Under the 1987 Constitution, private corporations or associations may not hold such alienable lands of public domain except by lease, for a period not exceeding twenty-five years, renewable for more than twenty-five years, and not to exceed one thousand hectares in area. (Section 3, Article XII, 1987 Constitution)

 No private lands shall be transferred and conveyed except to individuals, corporations, or associations qualified to acquire or hold lands of public domain. (Section 7, Article XII, 1987 Constitution)

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