The article discusses significant Supreme Court rulings regarding the legal authority and actions of dissolved corporations, particularly in real estate transactions. It emphasizes that dissolved entities retain limited juridical personality only for liquidation procedures. Real estate professionals must ensure legal compliance and authenticity when handling transactions involving such corporations, seeking legal counsel as needed.
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Step-by-Step Guide to Selling Real Estate Owned by a “Dead” Corporation
“We should all be obliged to appear before a board every 5 years and justify our existence… on the pain of liquidation.” – George Bernard Shaw, Irish Playwright and Political Activist (Part 2 of 4) By Realttorney® In Part 1 of this series, we discussed how corporations in the Philippines may be dissolved and howContinueContinue reading “Step-by-Step Guide to Selling Real Estate Owned by a “Dead” Corporation”
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