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Antonio L. Azores vs Securities and Exchange Commission, et al.

DR. ANTONIO L. AZORES, petitioner, vs. SECURITIES AND EXCHANGE COMMISSION and PHILIPPINE COLUMBIAN ASSOCIATION, respondents.c

G.R. No. 112337 | 1996-01-25

MENDOZA, J.:


Petitioner was a member of private respondent Philippine Columbian Association (PCA), a non-stock corporation organized in 1907 under Philippine laws. For valuable consideration, he was issued in 1952 Proprietary Membership Certificate No. 094 and, in 1954, Membership Certificate No. 282.

On June 17, 1956, petitioner wrote the Treasurer of the PCA, requesting change in his membership status from resident to non-resident, in view of the fact that he had transferred residence to San Pablo. The records do not show whether the request was granted, but petitioner claims that the PCA later billed him as a non-resident member. 1
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