A non-stock corporation is a corporation that does not have owners represented by shares of stock. Instead, a non-stock corporation typically has members, who are the functional equivalent of stockholders in a stock corporation (they have the right to vote, etc.) Non-stock corporations may also choose to have no members.
Basic Requirements
- Name verification slip
- Articles of Incorporation and By-laws
- Affidavit of an incorporator or director undertaking to change corporate name
- List of members, certified by the Corporate Secretary
- List of contributors and amount contributed certified by the treasurer
Note: Items 3, 4, and 5 need not be submitted if already stated in the Articles of Incorporation
Additional Requirements
For Foundations: Notarized Certificate of Bank Deposit of the contribution of not less than Peso 1,000,000.00 and Statement of willingness to allow the Commission to conduct an audit.
For Religious Corporations: Refer to Sections 109-116 of the Corporation Code of the Philippines, and add an affidavit of affirmation or verification by the chief priest, rabbi, minister or presiding elder.
For Federations: Certified list of member-associations by corporate secretary or president.
For Condominium Corporations/Associations: Master Deed with primary entry of the Register of Deeds and certification that there is no other existing similar condominium association within the condominium project
For Neighborhood Associations: Certification from the Housing and Land Use Regulatory Board (HLURB) that there is no other existing homeowners’ or similar association in the community where the association is to be established
