G.R. No. 158805 - Valley Golf and Country Club, Inc. vs. Vda. de Caram

Valley Golf and Country Club, Inc. vs. Vda. de Caram

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Title Supreme Court: Valley Golf and Country Club, Inc. vs. Vda. de Caram

Case: G.R. No. 158805

Decision Date: Apr 16, 2009

A non-stock corporation’s sale of a deceased member’s fully-paid share for unpaid dues was invalid due to lack of proper notice, bad faith, and non-compliance with the Corporation Code.

membership share

unpaid debts

sale

Very Long 32 min

END