Article 45

RA 386 · Civil Code of the Philippines

ELI5— what this means for you

Corporations follow whatever laws created or govern them, private corporations follow the general corporation laws, and partnerships and private associations follow this Code's partnership rules.

Official text — RA 386

Juridical persons mentioned in Nos. 1 and 2 of the preceding article are governed by the laws creating or recognizing them.

Private corporations are regulated by laws of general application on the subject.

Partnerships and associations for private interest or purpose are governed by the provisions of this Code concerning partnerships. (36 and 37a)

Source: lawphil.net (RA 386 as amended)

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