Today is June 5, 2020

Issued Opinions for the Year 2008

Opinion No. 08-28
RE   : Effect of acquisition of juridical personality by the component societies separate from the national organization

Opinion No. 08-27
RE   : Foreign equity in Condominium Corporation

Opinion No. 08-26
RE   : Merger of a Corporation Sole With a Non-Stock, Non-Profit Charitable Institution

Opinion No. 08-25
RE   : Corporate Officers Not Considered Employees

Opinion No. 08-24
RE   : Advertising : Interpretation of Purpose Clause

Opinion No. 08-23
RE   : Foreign equity in partly Nationalized industry (60-40% Rule)

Opinion No. 08-22
RE   : Prospective application of R. A. No. 9474

Opinion No. 08-21
RE   : Nationality Requirement for Domestic and International Air Commerce

Opinion No. 08-20
RE   : Foreign Bank Branch Office as Trustee of an Employee Retirement Fund: Limitation on Real Estate Investment

Opinion No. 08-19
RE   : Foreign investment in manufacturing and wholesale of coffee beans

Opinion No. 08-18
RE   : By-Laws: Exemption from Dues and Assessment

Opinion No. 08-17
RE   : Effect of re-registration of a revoked corporation

Opinion No. 08-16
RE   : Unknown Stockholders; Acquisition of Shares

Opinion No. 08-15
RE   : Term of Existence of Religious Society

Opinion No. 08-14
RE   : Nationality requirement; financing companies

Opinion No. 08-13
RE   : Financing Act : 25% limit on real estate acquisition

Opinion No. 08-12
RE   : Required Number of Votes in Amendments

Opinion No. 08-11
RE   : Power of the Board to Enter in Suretyship Agreements and to Issue Corporate Guarantee

Opinion No. 08-10
RE   : Dividends

Opinion No. 08-09
RE   : Proxy Requirements

Opinion No. 08-08
RE   : Transfer of Shares; Waiver of Pre-emptive Right; Election of Board of Directors

Opinion No. 08-07
RE   : "Collection of Association Dues of Condominium Corporations"

Opinion No. 08-06
RE   : Application of the Retail Trade Liberalization Act to a PEZA-Registered Enterprise, and Other Matters

Opinion No. 08-05
RE   : Real estate ownership by foreigners

Opinion No. 08-04
RE   : Decrease of Capital Stock, Return of Capital

Opinion No. 08-03
RE   : Philippine Holding Company : Philippine Landholding Company

Opinion No. 08-02
RE   : Intangible Property as Consideration for Subscription of Shares

Opinion No. 08-01
RE   : Dissolution and Piercing Doctrine

We collect only the valid email addresses of individuals or organizations interested to subscribe in the SEC Bulletin.
IP Addresses
SEC Bulletin sign up form does not collect information about your computer (or mobile device), including IP addresses, operating system and browser type.
For this project, SEC collects and uses email addresses through an online subscription/sign-up form located at the upper left portion of the website. This email addresses are to be incorporated in the mailing list created for the SEC Bulletin.
The collected email addresses will be utilized solely for the mailing list. The email addresses will serve as a means to send out the SEC Bulletin to its subscribers. The email addresses will not be shared with outside parties of the SEC.
Only authorized SEC personnel are granted access to the email addresses collected by SEC through SEC Bulletin sign up from. This information collected are stored in a secure database. We use reasonable security safeguards to protect the information from loss, unauthorized access, use or disclosure.
Under the Data Privacy Act of 2012, a data subject refers to an individual whose personal information is collected and processed. We are duly bound to observe and respect your privacy rights, including your right to information, right to access, right to correct, right to remove, right to damages and right to data portability.

In accordance with the Data Privacy Act of 2012, the SEC is committed to protect and respect the personal data gathered from our clients.If you voluntarily agree to subscribe to our newsletter and receive a monthly issue of the SEC Bulletin as well as other advisories, please provide a valid email address so we can include you in our subscription list.

Rest assured that the information collected will only be used for SEC Strategic Communication purposes and will not be publicized for the privacy and safety of our subscribers.

If you agree with these terms and conditions, please sign up now! Thank you

For more information, suggestion and feedback on this Privacy Notice, please send your email to our Data Protection Officer at