Syllabus in Corporation La

XXX

A. BY-LA
1. Nature and Functions
Grace Christian High School v. Court of Appeals, 281 SCRA 133 (1997)
Gov. of Philippine Islands v. El Hogar Filipino, 50 Phil. 99
2. Adoption Procedure (Sec. 46)
3. Contents (Sec. 47)
4. Amendments (Sec.48)

B. STOCKHOLDERS AND MEMBERS

1. Subscription Contract (Section 60-72)
Trillana v. Quezon Colegialla, 93 Phil. 383 (1953)
Pre-incorporation subscription (Sec. 61)- On Yu v. Tiu, 375 SCRA 614 (2002)
2. Consideration-Lincoln Phil. Life v. CA, 293 SCRA 92
3. Watered Stocks (Sec. 65)
4. Payment of Balance of Subscription
Lingayen Gulf Electric Power Co. v. Baltazar, 93 Phil. 404 (1953)
5. Delinquency of Subscription (Secs. 68, 69, 70, 71)
Miranda v. Tarlac Rice Mill Co., 57 Phil. 619 (1932)
6. Certificate of Stock (Sec. 63)
a. Nature of Certificate (Nautica Canning Corp. v. Yumul, 473 SCRA 415 (2005)
b. Right of Issuance (Sec. 64)
Baltazar v. Lingayen Gulf Electric Power Co., 14 SCRA 522
c. Lost or Destroyed Certificate (Secs. 63 and 73)
SEC Opinion, dated 28 January 1999, addressed to Ms. Ma. Cecilia Salazar-
Santos.
d. Forged and Unauthorized Transfers
J. Santamaria v. HSBC, 89 Phil. 780
Neugene Marketing Inc. v. CA, 303 SCRA 295 (1999)
7. Stocks and Transfer Books (Secs. 63, 72, 74)
Lanuza v. CA, 45 SCRA 54 (2005)
BLTB Co. v. Bitanga, 362 SCRA 635
Ponce v. Alsons Cement Corp. 393 SCRA 602 (2002)
Torres Jr. v. CA, 278 SCRA 793 (1997)
8. Situs of Shares of Stocks (Sec.55)
Tayag v. Benguet Consolidated Inc., 26 SCRA 242

C. RIGHTS OF STOCKHOLDERS AND MEMBERS

1. Right to Certificate of Stock to Fully Paid Shares (Sec. 64)
Tan v. SEC, 206 SCRA 740
2. Pre-emptive Rights (Sec. 39)
Datu Tagoranao Benito v. SEC, 123 SCRA 722 (1983)
Dee v. SEC, 199 SCRA 238 (1991)
3. Right to Transfer of Shareholdings (Sec. 63)
3.1. Non-transferability of Membership (Secs. 90 & 91)
3.2. Restriction on Transfers
Lambert v. Fox, 26 Phil. 588 (1914)
3. 3. Right of First Refusal
Padget v. Babcock & Templeton Inc., 59 Phil. 232
Ponce v. Alsons Cement Corp., 393 SCRA 602 (2002)