Law 22 (Law on Business Organizations & Intellectual Properties)
Departmental Syllabus
Marketing and Law Department
Second Semester SY 2012-13
(Bunyi, Reynante, Santiago, Valdez)
Course Description
An introduction to the basic provisions of the Corporation Code, and general concepts in intellectual property law,
the protection they guarantee, and the actions and remedies involved therein.
Course Objective
The student is expected to have a good understanding of the legal personality of corporations, how they are formed,
and their basic difference from single proprietorships, and partnerships.
The student must also be able to
differentiate copyright, trademarks and trade names, and patents, how they are acquired, and enforced.
Course Outline and Timeframe
THE LAW ON CORPORATIONS
Weeks 1 to 2
I.
Definitions and Classifications
Corporation defined
Classes of Corporations
Corporators and Incorporators, Stockholders & Members
Classification of Shares
1.4.1
Founders’ Shares
1.4.2
Redeemable Shares
1.4.3
Treasury Shares
Weeks 3 to 4
II.
Incorporation and Organization of Private Corporations
Number and Qualifications of Corporations
Corporate Term
Minimum Capital Stock Required of Stock Corporations
Amount of Capital Stock to be Subscribed & Paid for
Incorporation
Contents of Articles of Incorporation
Amendment of Articles of Incorporation
Commencement of Corporate Existence
De Facto Corporations
Corporation by Estoppel
Weeks 5 to 6
III.
Board of Directors / Trustees / Officers
3.1
3.2
3.3
3.4
3.5
3.6
3.7
3.8
3.9
The Board of Directors or Trustees
Election of Directors or Trustees
Corporate Officers, Quorum
Disqualification of Directors, Trustees, or Officers
Removal of Directors or Trustees
Liability of Directors, Trustees, or Officers
Dealings of Directors, Trustees, or Officers with the Corporation
Disloyalty of a Director
Executive Committee
Weeks 7 to 8
IV.
Powers of Corporations
Corporate Powers and Capacity
Power to Extend or Shorten Corporate Term
Power to Increase or Decrease Capital Stock; Incur , Create, or
Increase Bonded Indebtedness
Power to Deny Pre-emptive Right
Sale or other Disposition of Assets
Power to Acquire Own Shares
Power to Invest Corporate Funds in another Corporation or \
Business
Power to Declare Dividens
Power to Enter into Management Contract
Ultra Vires Acts of Corporations
Week 9
V.
By-Laws
Adoption of By-Laws
Contents of By-Laws
Amendment to By-Laws
VI.
Meetings
Week 10 Departmental Mid-terms – January 19, 2013; Saturday; 9:00 – 11:00 am
Weeks 11 - 14
VII.
Stocks and Stockholders
Subscription Contract
Pre-incorporation Subscription
Consideration of Stock and Transfer of Shares
Rights of Unpaid Shares
VIII.
Corporate Books and Records
IX.
Merger and Consolidation
9.1
9.2
9.3
9.4
9.5
X.
Plan of Merger or Consolidation
Stockholders’ or Members’ Approval
Articles of Merger or Consolidation
Effectivity of Merger or Consolidation
Effects of Merger or Consolidation
Appraisal Right
10.1
10.2
Instances of Appraisal Right
How Right is Exercised
XI.
Non-stock Corporations
XII.
Close Corporations
XIII.
Special Corporations
XIV.
Religious Corporations
Weeks 15 to 17
Selected provisions of the Philippine Civil Code on Partnerships
Selected sections of the Intellectual Property Code, with focus on basic provisions governing copyright, trademarks
and trade names, and patents.