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What is Orozco vs. Araneta: Stock Dividend Ruling about?

The Supreme Court ruled that stock dividends received by the usufructuary belong exclusively to the usufructuary, not the naked owners. The Court upheld the precedent from "In re: Testate Estate of Emil Maurice Bachrach" that stock dividends, like cash dividends, are income from the profits of the corporation and therefore belong to the usufructuary. The respondents attempted to differentiate this case but the Court found no valid reason to modify the established doctrine. Therefore, the 28,570 shares of st

Author

Cedric

Language

EN