Title
Supreme Court
Rizal Commercial Banking Corporation vs. Hi-Tri Development Corporation
Case
G.R. No. 192413
Decision Date
Jun 13, 2012
Unclaimed funds from a rescinded land sale led to escheat proceedings; SC ruled Bakunawas retained ownership due to RCBC's failure to notify, violating due process.

Case Summary (G.R. No. 192413)

RTC Escheat Proceedings

On December 14, 2006, the Republic, through the Office of the Solicitor General, filed a Complaint for Escheat under Act No. 3936 against various banks, including RCBC. On May 19, 2008, the Makati RTC rendered judgment declaring P1,019,514.29 held by RCBC as escheated to the Republic and ordered its deposit with the Treasurer of the Philippines.

Respondents’ Intervention Attempt

Respondents learned of the escheat order only when negotiating settlement in a separate case. They filed an Omnibus Motion on June 11, 2008, seeking partial reconsideration or intervention, arguing that they had a pending claim to the funds under Civil Case No. Q-91-10719. On November 3, 2008, the RTC denied their motion, finding that publication constituted adequate notice and that intervention was untimely under Rule 19.

CA Reversal for Lack of Notice

The CA reversed the RTC on November 26, 2009. It held that (1) RCBC failed to notify respondents or the payee before filing its sworn statement on dormant accounts, and (2) the Clerk of Court likewise failed to serve individual notice on all interested claimants. The CA deemed both failures to violate respondents’ constitutional right to due process and rendered the RTC decision void for lack of jurisdiction.

Issues on Appeal

  1. Whether the RTC decision was void for failure to send personal notices to respondents.
  2. Whether RCBC had an obligation to notify respondents immediately before filing its sworn statement with the Treasurer.
  3. Whether the funds allocated for the Manager’s Check were subject to escheat.

Statutory Framework for Escheat Proceedings

Act No. 3936, as amended, prescribes an in rem action: service on banks by personal delivery of summons to officers, and service on depositors or other claimants by publication. A separate notice must invite all other persons claiming interest to appear within sixty days after publication. Jurisdiction attaches upon publication and service on the defendant bank.

Notice to Depositors and Preliminary Communication Requirement

Section 2 of Act No. 3936 requires banks, before filing sworn statements on dormant accounts, to “communicate with the person in whose favor the unclaimed balance stands” at the last known address. This preliminary notice ensures that genuinely active depositors are not drawn into escheat proceedings. Failure to comply deprives the bank of the safe-harbor defense under Section 5.

Nature of a Manager’s Check and Ownership of Funds

Under the Negotiable Instruments Law (Act No. 2031), a manager’s check is drawn by the bank on itself and accepted in advance. However, Section 16 provides that delivery is essential to vest property rights in the instrument: a check that remains undelivered is incomplete and revocable, and the underlying funds remain part of the drawer’s account until presentment or effective delivery.

Analysis on Notice and Jurisdiction

Escheat proceedings are in rem; publication provides constructive notice to all interested parties. Personal service on non-bank claimants is not a jurisdictional requirement. The Supreme Court affirmed that the CA erred in voiding the RTC decision solely for lack of personal

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