Under the corporation code, which corporate officer must be a resident citizen of the Philippines?

Under the corporation code, which corporate officer must be a resident citizen of the Philippines?

• A. President
• B. Secretary only
• C. Treasurer
• D. None

Answer: (B)

The key idea is the residency requirement tied to the Corporate Secretary. The corporation code designates the Corporate Secretary as the official responsible for maintaining corporate records, minutes, notices, and filing with regulatory bodies. Requiring the secretary to be a resident citizen of the Philippines ensures there is a reliable, locally available point of contact who can be reached for official communications and regulatory notices, which helps ensure timely compliance and accountability. Other officers don’t carry this same statutory residency obligation, so the option stating “the Secretary only” is the correct fit.

The key idea is the residency requirement tied to the Corporate Secretary. The corporation code designates the Corporate Secretary as the official responsible for maintaining corporate records, minutes, notices, and filing with regulatory bodies. Requiring the secretary to be a resident citizen of the Philippines ensures there is a reliable, locally available point of contact who can be reached for official communications and regulatory notices, which helps ensure timely compliance and accountability. Other officers don’t carry this same statutory residency obligation, so the option stating “the Secretary only” is the correct fit.