a. Promoters (Section 2 [r] of the Revised Securities Act [BP 178]) (Sections 60 and 61 of the Corporation Code) Cagayan Fishing Development vs. Sandiko (65 PHIL 223 [1937]) Rizal Light & Ice Co. vs. Municipality, 25 SCRA 285 (1968) Caram, Jr. vs. CA, 151 SCRA 372 (1987) FORMATION OF CORPORATIONS 1. Organizing the Corporation a. Promoters (Section 2 [r] of the Revised Securities Act [BP 178]) (Sections 60 and 61 of the Corporation Code) Cagayan Fishing Development vs. Sandiko (65 PHIL 223 [1937]) Rizal Light & Ice Co. vs. Municipality, 25 SCRA 285 FORMATION OF CORPORATIONS 1. Organizing the Corporation a. Promoters (Section 2 [r] of the Revised Securities Act [BP 178]) (Sections 60 and 61 of the Corporation Code) Cagayan Fishing Development vs. Sandiko (65 PHIL 223 [1937]) Rizal Light & Ice Co. vs. Municipality, 25 SCRA 285 FORMATION OF CORPORATIONS 1. Organizing the Corporation a. Promoters (Section 2 [r] of the Revised Securities Act [BP 178]) (Sections 60 and 61 of the Corporation Code) Cagayan Fishing Development vs. Sandiko (65 PHIL 223 [1937]) Rizal Light & Ice Co. vs. Municipality, 25 SCRA 285