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Minimum Capital Stock Not Required in Stock Corporations Also another significant amendment under the Code is that now, stock corporations shall not be required to have minimum capital stock, except as otherwise specially provided by special law. (Sec. 12, Revised Corporation Code, 2019) Further, there is no minimum 131 requirement on the amount of shares to be subscribed and paid-up by the incorporators during the incorporation. Section 13 of the old Corporation Code was deleted