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Arminio Rivera vs. Litam & Company, Inc. 114 Phil. 1009

ARMINIO RIVERA, in his capacity as Administrator of the Intestate Estate of the deceased RAFAEL LITAM, plaintiff-appellee, vs. LITAM & COMPANY, INC., ET AL., defendants-appellants.

G.R. No. L-16954 | 1962-04-25

D E C I S I O N 
 
 
LABRADOR, J.: 
 
Arminio Rivera brought this action in his capacity as administrator of the estate of the deceased Rafael Litam to recover from the defendants some 54/204 shares of stock belonging to the deceased in the Li Tam & Co. Inc., or their value, alleging that the said shares have been fraudulently transferred by the defendants and to render an accounting of the income or dividends that have accrued to said shares of stock, with attorneys' fees and costs. 
 
The material allegations of the complaint are - That (1) Rafael Litam died intestate in Manila on January 10, 1951 and...