Document background
The Affidavit of Lost Corporate Document is a crucial legal instrument in Philippine corporate governance, required when important company documents are lost, destroyed, or otherwise misplaced. This affidavit serves multiple purposes: it creates an official record of the loss, protects the company from potential misuse of the lost document, and often forms the basis for obtaining replacement documents. The affidavit must be executed in compliance with Philippine law, particularly the Revised Corporation Code and SEC regulations, and requires notarization under the Rules on Notarial Practice. It typically includes comprehensive details about the lost document, circumstances of loss, search efforts conducted, and may be required for submission to various authorities including the Securities and Exchange Commission, banks, or other institutional stakeholders.
