Professional Documents
Culture Documents
Course Outline
Atty. Maria Zarah R. Villanueva-Castro
CORPORATION LAW
I. INTRODUCTION
B. Attributes of a corporation
1. Artificial being
a. Doctrine of Corporate Entity
(i) residence and nationality
(ii) constitutional rights
(iii) criminal liability
(iv) right to recover moral damages
3. Right of Succession
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(See: doctrine of corporation by estoppel [Sec. 21, CC])
4. holding, affiliate and subsidiary
5. open and close
CASES: Feliciano vs. COA, January 14, 2004; Manila International Airport
Authority vs. CA, 20 July 2006; Magsaysay-Labrador vs. CA, 180 SCRA 266;
Sulo ng Bayan vs. Araneta, 72 SCRA 247; Bataan Shipyard vs. PCGG, 150
SCRA 181; Luxuria Homes vs. CA, 302 SCRA 315; Concept Builders vs.
NLRC, 257 SCRA 149; Villarey Transit vs. Ferrer, 25 SCRA 845; Francisco
Motors vs. CA, 309 SCRA 72; Lipat, et al. vs. Pacific Banking Corp., GR No.
142435, April 30, 2003; Times Transportation Company vs. Santos Sotelo,
et. al., GR No. 163786. February 16, 2005; Yao, Sr. vs. People, et al., 19
June 2007; Hall vs. Piccio, 86 Phil 603; Seventh Day Adventist vs.
Northeastern Mindanao Mission, 21 July 2006; Lim Tong Lim vs. CA, 317
SCRA 728; International Express Travel and Tour Services vs. CA, October
19, 2000; Filipinas Broadcasting Network, Inc. vs. Ago Medical and
Educational Center-Bicol Christian College of Medicine, G.R. No. 141994,
January 17, 2005; Coastal Pacific Trading, Inc. vs. Southern Rolling Mills Co.,
Inc. 497 SCRA 11, 28 July 2006
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Grounds for rejection of the Articles of Incorporation (Sec. 17,
CC)
Commencement of corporate existence (Sec. 19, CC)
Amendment of the articles of incorporation (Sec. 16, CC)
Effects of non-use of corporate charter (Sec. 22, CC)
CASES: Lyceum of the Philippines vs. CA, 219 SCRA 612; Ang Mga Kaanib sa
Iglesia ng Dios vs. Iglesia ng Dios Kay Kristo Jesus, December 12, 2001;
Industrial Refractories Corporation of the Phils. vs. Refractories Corp. of the
Phils., Oct. 3, 2002; JG Summit Holdings vs. CA, September 24, 2003; Young
Auto Supply vs. CA, 223 SCRA 670; Republic Planters Bank vs. Agana, 269
SCRA 1; Castillo, et. al. vs. Balinghasay, et. al. G.R. No. 150976, October
18, 2004
Corporate Officers
1. concept of corporate officers
2. validity and binding effect of acts of corporate officers
3. doctrine of apparent authority
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CASES: Grace Christian Highschool vs. CA, 281 SCRA 133; Gokongwei vs.
SEC, 89 SCRA 336; Western Institute of Technology vs. Salas, 278 SCRA
216; Nacpil vs. International Broadcasting Corp., March 21, 2002; People's
Aircargo vs. CA, Oct. 7, 1998; Prime White Cement vs. IAC, 220 SCRA 103;
Santos vs. NLRC, 254 SCRA 673; Sps. David, et al vs. Construction Industry
and Arbitration Commission, G.R. No. 159795, July 30, 2004; Malayang
Samahan ng mga Manggagawa vs. Ramos, April 20, 2001; Inter-Asia
Investments Industries vs. CA, GR 125778, June 10, 2003; Lapu-lapu
Foundation, Inc. vs. CA, GR 126006, January 29, 2004; Hydro Resources
Contractors Corporation vs. National Irrigation Administration, G.R. No.
160215 November 10, 2004; Monfort Hermanos Agricultural Development
Corp. vs. Monfort, III, et.al., G.R. No. 152542, July 8, 2004; McLeod vs.
NLRC, et al., 23 January 2007; Carag vs. NLRC, 02 April 2007
V. CORPORATE POWERS
CASES: Nielson & Co. vs. Lepanto Consolidated Mining Co., 26 SCRA 540;
Islamic Directorate vs. CA, 272 SCRA 454; Dee vs. SEC, 199 SCRA 238; PNB
vs. Andrada Electric, April 17, 2002
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Contents of by-laws; requisites of a valid by-law provision
Amendment to by-laws (Sec. 48, CC)
By-laws in relation to third parties
CASES: Loyola Grandvillas Homeowners Association vs. CA, 276 SCRA 681;
China Banking Corporation vs. CA, 270 SCRA 503
Concept of proxy and voting trust agreement (Sec. 58 & 59, CC)
Derivative suit; concept and requisites
CASES: Lee vs. CA 205 SCRA 725; Republic vs. Sandiganbayan, April 30,
2003; Republic vs. Cocofed, December 12, 2001; Evangelista vs. Santos, 86
SCRA 387; Chua vs. CA, GR No. 150793, November 19, 2004; Expert Travel
& Tours, Inc. vs. Court of Appeals and Korean Airlines GR No. 152392, May
26, 2005
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Certificate of Stock (Sec. 63, CC)
1. doctrine of indivisibility of subscription contract
2. certificate of stock, quasi-negotiable
Transfer of shares
Lost and destroyed certificate of stock (Sec. 73, CC)
CASES: Nava vs. Peers Marketing, 74 SCRA 65; Lim Tay vs. CA, August 5,
1998; Rural Bank of Lipa vs. CA, Sept. 28, 2001; Ponce vs. Alsons Cement,
Dec. 10, 2002; Ong Yong, et al. vs. Tiu, et al., G.R. Nos. 144476 & 144629,
April 8, 2003
CASES: Associated Bank vs. CA, 291 SCRA 511; Babst vs. CA, January 26,
2001
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Effects of exercising appraisal right (Sec. 83, CC)
CASES: Long vs. Basa, et al. , Sept. 27, 2001; Sta. Clara Homeowners'
Association vs. Sps. Gaston, Jan. 23, 2002; Padcom vs. Ortigas Center, May
9, 2002; Tan vs. Sycip 17 August 2006
CASES: Dulay Enterprises vs. CA, 225 SCRA 678; San Juan Structural Steel
Fabricators, 296 SCRA 632
CASES: Gelano vs. CA, 103 SCRA 90; Vesagas vs. CA, Dec. 5, 2002; Phil.
Veterans vs. Vega, June 28, 2001; Tan Tiong Bio vs. CIR, 4 SCRA 986;
Rebollido vs. CA, 170 SCRA 800; Clarion Printing House, Inc. vs. NLRC, GR
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No. 148372, June 27, 2005; Lingkod Manggagawa sa Rubberworld vs.
Rubberworld Phils., Inc. 29 January 2007; Garcia, et al vs. PAL, 29 August
2007; Sobrejuanite vs. ASB, 30 September 2005; RCBC vs. IAC, 09
December 1999;