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- What is the rule on subsidiary corporate existence? | 01 December 2023
What is the rule on subsidiary corporate existence? | 01 December 2023
A corporation is a juridical person to which the law grants a juridical personality, separate and distinct from that of each shareholder, partner or member
What is the rule on subsidiary corporate existence?
Article 44 of the Civil Code states that a corporation has a separate and distinct personality from that of its stockholders, officers, or any other legal entity to which it is related. It is presumed to be a bona fide legal entity that has its own powers and attributes. Its assets and properties are its own, and it is liable for its own acts and obligations.
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Alburo Alburo & Associates Law Offices:
• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.
• Observe high standards of excellence.
• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.
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