CORPORATION LAW (COMIC STRIP)
Storyboard Text
- LA SALLE DISTRICT
- Corporation is an artificial being created by operation of law.
- Trivia: Did you know that a concession theory was conceived as an artificial person owing existence through creation by a foreign power.
- Yes, and it has a lot of characteristics too, such as:
- How was the corporation law Shane?
- As to the corporation CodeAs to the number of person who compose them As to whether they are for religious purpose or notAs to whether they are for charitable purpose or notas to their legal right to corporate existenceAs to whether they are open to the public or not
- well, it's very interesting topic Kaiden.
- I think, it's because we can be able to know what are the legal entities that we must follow when forming a corporation.
- Why is it important to study Corporation Law?
- I'm curious as well...
- I think they are:Fraud TestControl testAlter-egoPublic convenienceEquity Cases/Test
- I heard that there are types of test in Corporate veil...
- You did, in fact, study. How about the non-stock corporation?
- hmm...
- Really? What are those types of test?
- Non-stock Corporation is one where no part of its income is distributable as dividends to its members.
- May a non-stock corporation earn profit?
- There are also component of corporation in Capital Structure:
- It does not have capital stock divided into shares. No part of its income during its existence is distributable as dividends to its members, trustees, or officer.
- CorporatorsIncorporatorsDirectors and TrusteesCorporate Officer
- Hmm, let me think about it first...
- Yes, Of course. Mere tangible or pecuniary benefit to the members does not change the nature of the corporation.
- Incorporation is a performance of conditions, acts, deeds, and writings by incorporators.
- Can I ask what are the characteristics of a Non-Stock Corporation?
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