An act providing for the revised corporation code of the philippines

SEC. 119. Bylaws. – The One Person Corporation is not required to submit and file 
corporate bylaws. 
SEC. 120. Display of Corporate Name. – A One Person Corporation shall indicate the 
letters “OPC” either below or at the end of its corporate name. 
SEC. 121. Single Stockholder as Director, President. – The single stockholder shall be 
the sole director and president of the One Person Corporation. 
SEC. 122. Treasurer, Corporate Secretary, and Other Officers. – Within fifteen (15) days 
from the issuance of its certificate of incorporation, the One Person Corporation shall appoint a 
treasurer, corporate secretary, and other officers as it may deem necessary, and notify the 
Commission thereof within five (5) days from appointment.
The single stockholder may not be appointed as the corporate secretary.
A single stockholder who is likewise the self-appointed treasurer of the corporation shall 
give a bond to the Commission in such a sum as may be required: Provided, That the said 
stockholder/treasurer shall undertake in writing to faithfully administer the One Person 
Corporation’s funds to be received as treasurer, and to disburse and invest the same according to 

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the articles of incorporation as approved by the Commission. The bond shall be renewed every 
two (2) years or as often as may be required. 
SEC. 123. Special Functions of the Corporate Secretary. – In addition to the functions 
designated by the One Person Corporation, the corporate secretary shall: 
(a) Be responsible for maintaining the minutes book and/or records of the corporation; 
(b) Notify the nominee or alternate nominee of the death or incapacity of the single 
stockholder, which notice shall be given no later than five (5) days from such occurrence;
(c) Notify the Commission of the death of the single stockholder within five (5) days from 
such occurrence and stating in such notice the names, residence addresses, and contact details of 
all known legal heirs; and 
(d) Call the nominee or alternate nominee and the known legal heirs to a meeting and 
advise the legal heirs with regard to, among others, the election of a new director, amendment of 
the articles of incorporation, and other ancillary and/or consequential matters.