Professional Documents
Culture Documents
26649, July 13, 1927 counting the period as it was supposed to be sold already but was
PETITIONER: The Govt of the Philippine Islands rescinded through the acts of the buyer, independent of El Hogar.
RESPONDENT: El Hogar Filipino SUPREME COURT: The corporation has not been shown to
have offended against the law in a manner that should entail a
FACTS: forfeiture of its charter. El Hogar cannot sell the property if it has
El Hogar was the first corporation organized in the Philippine not yet received the title. Dissolution would not be an appropriate
Islands under the Corporation Law (Act No. 1459, effective on April remedy as El Hogar appears to have rid itself of the San Clemente
1, 1906). El Hogar was organized as a building and loan association. property many months prior to the institution of this action.
This case has seventeen causes of action, eleven of which will be (Discussion of Courts discretion on dissolution of the
discussed here. corporation not relevant)