Fill in the details
0/80 of 8 completed
Type below - the document on the right updates as you go.
The clauses below are blurred in the preview. Fill in your details, then pay once to unlock the full document and download it as Word & PDF.
Proceed to payment →🔒 Secure & private · ⚡ Instant download after payment · One-time payment · no subscription
________
________
________
________
________
________
Re: Acceptance of Nominee of the One Person Corporation
Dear ________,
I am writing to formally accept your offer to be your designated nominee of your One Person Corporation, ________, or any such name as it may be amended to. My acceptance is in compliance with Section 124 of the Revised Corporation Code of the Philippines.
As the nominee, I shall sit as the director and manage the affairs of the One Person Corporation upon your death or incapacity. I shall continue to sit as the director until your legal heirs have been lawfully determined and upon their designation of who shall be the single stockholder of ________. In case of your temporary incapacity, I shall sit as the director and manage the affairs of the One Person Corporation during the period of such incapacity until you have recovered and are able to resume the management of the corporation.
In the event that I am called to manage the affairs of ________, I understand the scope and limitations of my authority as nominee as follows:
________
Thank you for the trust that you have reposed upon me.
Sincerely,
________
TIN - ________
Fields you complete are inserted into the document live. This template is general guidance only - not legal advice.