This work is intended primarily as a textbook for law students in Private Corporations. However, members of the Bench and the Bar will find this book a useful reference.
The authors have endeavored to make the discussion comprehensive four our corporation law, which is embodied in the new Corporation Code of the Philippines, covers a very wide field, and yet, brief by avoiding as much as possible repetition and redundancy for the course must be studied in school within the allotted time. The applicable rulings in important and leading cases, as well as commentaries of recognized writers on the subject, including advisory opinions of the Securities and Exchange Commission amplifying and explaining the law involved or supporting directly or by implication statements or conclusions made by the author are cited or quoted under the pertinent sections of the Corporation Code. Whenever necessary, the purpose or rationale of the legal provisions, particularly the new ones, is given and illustrations showing their practical application in specific situations are utilized for such manner of presentation greatly facilitates understanding of the meaning of the law.
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