What type of corporation is designed to manage a single entity's religious affairs?

Study for the Revised Corporation Code test. Prepare with comprehensive multiple-choice questions and detailed explanations. Boost your knowledge and confidence for your exam day!

The type of corporation specifically designed to manage a single entity's religious affairs is a corporation sole. This structure allows for a single individual, typically a bishop or leader within a religious organization, to hold title to the property and manage the affairs of the corporation on behalf of the religious community. The primary feature of a corporation sole is that it can provide continuity and stability in leadership and ownership, as it is not limited by the number of members or shareholders like other corporate forms.

In contrast, a parent or holding corporation is generally intended to control other companies or subsidiaries, while a subsidiary corporation is a separate legal entity owned or controlled by another corporation. A corporation aggregate consists of multiple individuals forming a collective group for a common purpose, which is not aligned with the singular focus of managing a single entity's religious affairs. Therefore, the distinction lies in the specific roles and structures established for the governance and ownership of religious organizations, making a corporation sole the correct answer for managing such affairs.

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