R.A. 201
Year:
1948
Category:
Other
Date Approved:
April 19, 1948
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act provides a procedure for corporations to issue new certificates of stock in place of those that are lost, stolen, or destroyed. It establishes a framework for contesting such issuances and outlines the responsibilities of the registered owner and the corporation involved.Full Text
REPUBLIC ACT No. 201
AN ACT TO PROVIDE FOR THE ISSUANCE BY CORPORATIONS OF NEW CERTIFICATES OF STOCK IN LIEU OF THOSE LOST, STOLEN OR DESTROYED, AFTER THE RECONSTITUTION OF THE RECORDS OF THE CORPORATION IN ACCORDANCE WITH LAW, AND TO FIX A PERIOD WITHIN WHICH TO CONTEST SUCH ISSUANCE
Section 1. The following procedure shall be followed for the issuance by corporations of new certificates of stock in lieu of those which have been lost, stolen or destroyed, after the reconstitution of the records of the respective corporations in accordance with existing laws:
Section 2. Except in case of fraud, bad faith or negligence on the part of the corporation and its officers, no action may be made against any corporation which shall issue certificates of stock in lieu of those lost, stolen, or destroyed pursuant to the provisions of section one hereof.
Section 3. This Act shall take effect upon its approval.
Approved: April 19, 1948
Share
PDF Document
Source
Official source from LawPhil:
View on LawPhil Last updated: Jul 1, 2026About
Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.