An act providing for the revised corporation code of the philippines

SEC. 74. Right to Financial Statements. – A corporation shall furnish a stockholder or 
member, within ten (10) days from receipt of their written request, its most recent financial 
statement, in the form and substance of the financial reporting required by the Commission. 
At the regular meeting of stockholders or members, the board of directors or trustees shall 
present to such stockholders or members a financial report of the operations of the corporation for 
the preceding year, which shall include financial statements, duly signed and certified in 
accordance with this Code, and the rules the Commission may prescribe. 
However, if the total assets or total liabilities of the corporation is less than Six hundred 
thousand pesos (P600,000.00), or such other amount as may be determined appropriate by the 
Department of Finance, the financial statements may be certified under oath by the treasurer and 
the president. 
 
TITLE IX 
 
MERGER AND CONSOLIDATION 
SEC. 75. Plan of Merger or Consolidation. – Two (2) or more corporations may merge into 
a single corporation which shall be one of the constituent corporations or may consolidate into a 
new single corporation which shall be the consolidated corporation. 
The board of directors or trustees of each corporation, party to the merger or consolidation, 
shall approve a plan of merger or consolidation setting forth the following: 
(a) The names of the corporations proposing to merge or consolidate, hereinafter referred to 
as the constituent corporations; 
(b) The terms of the merger or consolidation and the mode of carrying the same into effect; 
(c) A statement of the changes, if any, in the articles of incorporation of the surviving 
corporation in case of merger; and, in case of consolidation, all the statements required to be set 
forth in the articles of incorporation for corporations organized under this Code; and 
(d) Such other provisions with respect to the proposed merger or consolidation as are deemed 
necessary or desirable.