January 24, 2018
SEC-OGC OPINION NO. 01-18
RE: CORPORATE TERM OF EDUCATIONAL INSTITUTIONS REGISTERED UNDER THE CORPORATION LAW
Policarpio & Acorda Law Office
Unit 903 Richmonde Plaza,
San Miguel Avenue cor. Lourdes Drive
Ortigas Center, Pasig City 1605
Attention: Atty. Rufino L. Policarpio III
Atty. George Franz Nico F. Patriarca
Attorneys :
This refers to your letter dated 14 September 2017 requesting for the Commission's opinion as to the status of St. Peter's College, Inc. ("SPCI") as a corporate entity.
At the outset, you stated in your letter that the name of the corporation is St. Peter's College, Iligan; however, the Articles of Incorporation (AOI) which you attached reflects that the name of the corporation is actually, St. Peter's College, Inc.
You stated in your letter that SPCI was incorporated on 05 November 1962 and until now, there has been no endeavor to renew or extend its corporate term. Also, there has been no amendment of its AOI for its dissolution.
You further stated that the Commission's Corporate Filing and Records Division issued a certification showing SPCI's compliance with the reportorial requirements for the last five years....
