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Benguet Consolidated Mining Co. vs. Mariano Pineda 098 Phil 711

BENGUET CONSOLIDATED MINING CO., petitioner, vs. MARIANO PINEDA, in his capacity as Securities and Exchange Commissioner, respondent. CONSOLIDATED MINES, INC., intervenor.

G.R. No. L-7231 | 1956-03-28

D E C I S I O N

REYES, J. B. L., J.:

Appeal under Rule 43 from a decision of the Securities and Exchange Commissioner, denying the right of a sociedad anonima to extend its corporate existence by amendment of its original articles of association, or alternatively, to reform and continue existing under the Corporation Law (Act 1459) beyond the original period.

The petitioner, the Benguet Consolidated Mining Co. (hereafter termed "Benguet" for short), was organized on June 24,1903, as a sociedad anonima regulated by Articles 151 et seq., of the Spanish Code of Commerce of 1886, then in force in the Philippines. The articles of...