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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• 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.

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