Conversion of Schools to Non-Profit Foundations

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Republic Act No. 6055: Conversion of Schools to Non-Profit Foundations

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Title Supreme Court: Conversion of Schools to Non-Profit Foundations

Law: Republic Act No. 6055

Decision Date: Aug 4, 1969

Republic Act No. 6055 allows educational institutions in the Philippines to convert from stock corporations to non-profit foundations, provided they meet certain requirements and undergo a process of shareholder agreement, board election, and amendment of articles of incorporation.

conversion

educational institutions

stock corporations

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