Which individual is not allowed to be an incorporator of a corporation?

Prepare for your Partnership and Corporation Exam with engaging flashcards and multiple-choice questions. Each question comes with hints and detailed explanations. Boost your confidence and ace the exam!

To determine who cannot be an incorporator of a corporation, it is essential to understand the qualifications that individuals must meet to hold this position. An incorporator is typically a person or entity involved in the formation of the corporation and must have certain legal capabilities.

The correct answer is that a corporation organized under the laws of the Philippines cannot be an incorporator. This is primarily because, in many legal frameworks, including that of the Philippines, only natural persons—meaning human beings—are allowed to serve as incorporators. While corporations can participate in other aspects of business, such as being shareholders or stakeholders within the corporation they help establish, they cannot fulfill the role of an incorporator, which is traditionally reserved for individuals.

Although resident aliens, married women (provided they have their husband's consent if required by law), and subscribers who pay less than 25% of their shares can all potentially serve as incorporators, a corporation itself does not possess the natural person status necessary for incorporation purposes. Therefore, recognizing this distinction is crucial for understanding the legal mechanics of business formation and the roles different entities can play within that process.

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