Which section addresses the concept of perpetual existence in corporations?

Perpetual existence is a fundamental concept in the Revised Corporation Code that signifies a corporation's ability to continue its existence indefinitely, regardless of changes in ownership or the status of its shareholders. The correct answer is found in Section 11 of the Revised Corporation Code, which explicitly provides that a corporation shall have perpetual existence unless otherwise stated in its articles of incorporation. This provision assures stakeholders that the corporation will not dissolve upon the death or withdrawal of a shareholder or other critical events, promoting stability and fostering a long-term perspective in corporate business operations.

In this context, the articles of incorporation can specify a limited duration if desired, but the default intention is that corporations are meant to endure perpetually. The other sections mentioned in the choices do not specifically address the concept of perpetual existence as thoroughly as Section 11 does.