Text of the provision
Art. 2033. Juridical persons may compromise only in the form and with the requisites which may be necessary to alienate their property.
(1812a)
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
Juridical persons may compromise only with the requisites needed to alienate their property.
Related provisions
- Article 2032 — Court Approval for Certain Compromises.
- Article 2034 — Compromise on Civil Liability From a Crime.
Cases citing this article
- Paraiso International Properties, Inc. vs. Court of Appeals, et al, G.R. No. 153420, April 16, 2008 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.