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What is Stock Certificate Transfer Dispute Case about?

This document summarizes a Supreme Court case from 1992 regarding a dispute over stock ownership in Visayan Educational Supply Corp. The petitioner, Alfonso Tan, originally owned 400 shares but 50 were sold to his brother and the remaining 350 were later cancelled by the corporation. Tan argued this was invalid under the Corporation Code since his stock certificates were never endorsed or surrendered. The SEC ruled the 50 share sale was valid but invalidated the cancellation of the remaining 350 shares. How

Author

Nympa Villanueva

Language

EN