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Valley Golf & Country Club, Inc. Vs. Rosa O. Vda. Caram

VALLEY GOLF & COUNTRY CLUB, INC., Petitioner, versus ROSA O. VDA. DE CARAM, Respondent.

G.R. No. 158805 | 2009-04-16

D E C I S I O N


Tinga, J.:

May a non-stock corporation seize and dispose of the membership share of a fully-paid member on account of its unpaid debts to the corporation when it is authorized to do so under the corporate by-laws but not by the Articles of Incorporation? Such is the central issue raised in this petition, which arose after petitioner Valley Golf & Country Club (Valley Golf) sold the membership share of a member who had been delinquent in the payment of his monthly dues.

I.

The facts that preceded this petition are simple. Valley Golf & Country Club (Valley Golf) is a duly constituted non-stock, non-profit corporation...