IGLESIA NI CRISTO
IS A BUSINESS BECAUSE IT IS REGISTERED
AS “CORPORATION SOLE”?
“CFD claims that Iglesia Ni Cristo (Church Of Christ) is a business
because it was registered as a “corporation sole.”
The Iglesia Ni Cristo (Church Of Christ) was registered as a religious corporation and corporation sole in July 27, 1914 eith the Philippine Government. After Worls War II, the government all corpoations to be re-registered, thus, the Iglesia Ni Cristo was again registration, but again it was still regustered as a religious corporation and a corporation sole. The Church was registered as a religious corporation and a corporation sole because this is what the law in the Philippines mandated. Frin then and up to the present, the Iglesia Ni Cristo is still registered as a religious corporation and a corporation sole. This registration of the Churc cannot be change into "stock corporation" because the our law mandates that all religions must be registered as a corporation sole or unipersonal corporation.
FOR YOUR INFORMATION:
