Corporation Law, Mercantile Law

NAVA vs. PEERS MARKETING CORP., 74 SCRA 65 G.R. No. L-28120 November 25, 1976 Shares of Stock, Stock Certificate, Stock Subscription, Transfer of its Shares of Stock

FACTS: Teofilo Po as an incorporator subscribed to eighty shares of Peers Marketing Corporation. Po paid two thousand pesos or twenty-five percent of the amount of his subscription. No certificate of stock was issued to him or, for that matter, to any incorporator, subscriber or stockholder. Po sold to Ricardo A. Nava for two thousand… Read More NAVA vs. PEERS MARKETING CORP., 74 SCRA 65 G.R. No. L-28120 November 25, 1976 Shares of Stock, Stock Certificate, Stock Subscription, Transfer of its Shares of Stock