Tag: AOI

  • Lanuza v. Court of Appeals- G.R. No. 131394, March 28, 2005 (Tinga, J.) (CASE DIGEST)

    Facts The Philippine Merchant Marine School, Inc. (PMMSI) was incorporated in 1952. Its Articles of Incorporation (AOI) reflected an initial capital stock subscription of seven hundred seventy-six (776) issued and outstanding shares (700 founders’ shares and 76 common shares). In contrast, the company’s Stock and Transfer Book (STB), first registered in 1978, recorded only thirty-three…