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REPUBLIC v. ACOJE MINING COMPANY

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GR No. 194964-65
2016-01-11
UNIVERSITY OF MINDANAO v. BANGKO SENTRAL PILIPINAS
LEONEN, J.
A corporation may exercise its powers only within those definitions. Corporate acts that are outside those express definitions under the law or articles of incorporation or those "committed outside the object for which a corporation is created"[76] are ultra vires.