Title
Lim vs. Continental Development Corp.
Case
G.R. No. L-41818
Decision Date
Feb 18, 1976
Conflicting claims over 125 corporate shares between Zoila Co Lim and Benito Gervasio Tan prompted an interpleader action by Continental Development Corporation, upheld by the Supreme Court.

Case Summary (G.R. No. L-41818)

Factual Background

On November 26, 1973, Continental Development Corporation filed a complaint for interpleader alleging that its books reflected that defendant Benito Gervasio Tan was recorded as a stockholder with one hundred twenty five common shares represented by specified certificates. The complaint averred that since December 1972 Tan, personally or through counsel, had demanded release of the stock certificates, while the other defendant, Zoila Co Lim, through counsel, asserted ownership of the same shares as heir of her deceased mother, So Bi (alias Tawa), and thus contested Tan's claim. The complaint further alleged that both claimants threatened punitive action should the corporation take steps prejudicial to their asserted interests and that the corporation claimed no interest in the stocks and could not, without judicial guidance, determine to which claimant it should deliver the certificates.

Trial Court Proceedings

In the lower court Tan filed a motion to dismiss on January 7, 1974, arguing, inter alia, that the corporation's books showed the shares in his name and that under Section 52 of the Corporation Law he should be declared the owner. Zoila Co Lim filed an answer on January 14, 1974, admitting the corporate book entry but alleging that the shares had been delivered in trust to Tan for her deceased mother and that she, as heir, was the true owner. Continental Development Corporation opposed Tan's motion on January 22, 1974, reiterating its fear of liability or vexation if it complied with one claimant and not the other. The trial court entered an order dated March 12, 1974 dismissing the complaint for lack of cause of action and invoked Section 35 of Act No. 1459. Motions for reconsideration by Continental Development Corporation and Zoila Co Lim were denied by order dated July 3, 1974.

The Parties' Contentions Before the Supreme Court

Continental Development Corporation contended that the trial court gravely abused its discretion in dismissing the interpleader complaint because there were actual, adverse, and conflicting claims to the same shares that exposed the corporation to double vexation or liability, thus satisfying the requisites of an interpleader under Rule 63, Section 1, New Rules of Court. Zoila Co Lim maintained her claim that the shares belonged to her by inheritance from her mother and that the corporation should be permitted to interplead the claimants so that their conflicting rights could be judicially determined. Tan urged the dismissal and relied on the corporate book entry and the invocation of statutory provisions of the Corporation Law to support his contention of ownership.

Issue Presented

Whether the trial court properly dismissed the complaint for interpleader notwithstanding the asserted conflicting claims by Tan and Zoila Co Lim to the identical certificates of stock recorded in the corporation’s books.

Ruling of the Supreme Court

The Court granted the petitions, set aside the order dated March 12, 1974 dismissing the complaint and the order dated July 3, 1974 denying reconsideration, and ordered costs against respondent Benito Gervasio Tan. The Court held that the trial court abused its discretion in dismissing the complaint for interpleader.

Legal Basis and Reasoning

The Court observed that the pleadings plainly showed two adverse claimants asserting rights to the same shares of stock and that the corporation claimed no interest in the shares and feared vexation or liability if it complied with one claim and not the other. The Court cited Rule 63, Section 1, New Rules of Court, and reproduced its essential requirement that a plaintiff-in-interpleader may bring the action “whenever conflicting claims upon the same subject matter are or may be made against a person, who claims no interest whatever in the subject matter, or an interest which in whole or in part is not disputed by the claimants.” The Court reiterated established precedents, notably Beltran v. People’s Homesite and Housing Corporation, No. L-25138, 29 SCRA 145, and the principle articulated in Alvarez v. Commonwealth (65 Phil. 302), that interpleader is a remedy by which a person holding property or facing an obligation may require adverse claimants to litigate among themselves in order to determine who is entitled to the property or performance. The Court emphasized that the remedy is not merely to prevent double liability but to protect against double vexation. The Court further stated the doctrinal requisites that the claims be adverse, that there be two or more claimants with separate and different interests who are in a position to make effective claims, and that the fund or thing in dispute be one and the same derived from the same source. Applying these principles, the Court found that the corporation was in

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