Revised Corporation Code of the Philippines
Republic Act No. 11232, the national law that governs how STCC exists and operates as a corporation. Here is the plain-language version; the full official text is yours to download.
In plain terms
The law behind the corporation
When you bought a home at Solstice, you automatically became a member of the Solstice Towers Condominium Corporation (STCC) — a non-stock corporation registered with the Securities and Exchange Commission. The Revised Corporation Code of the Philippines (RA 11232) is the national law that says how a corporation like ours must be formed, governed, and run. Our own By-Laws and House Rules sit underneath it and must always agree with it.
You don't need to read all of it — the parts that matter most for a condominium corporation are:
- Membership & meetings — who is a member, quorum, and how the annual meeting works.
- The Board of Trustees — how trustees are elected, their term, powers, and duties.
- Voting rights — how members vote, by proxy or in person.
- Books & transparency — the records the corporation must keep and let members inspect.
- Dissolution & appraisal rights — the protections members have in major decisions.
This summary is for orientation only and is not legal advice. Where this page and the official law differ, RA 11232 controls. Download the full text above, or see our By-Laws for how STCC applies it.