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Tan et al. vs. Sycip and Lim

PAUL LEE TAN, ANDREW G.R. No. 153468 LIUSON, ESTHER WONG, STEPHEN CO, JAMES TAN, Present: JUDITH TAN, ERNESTO TANCHI JR., EDWIN NGO, PANGANIBAN, CJ.,Chairperson, VIRGINIA KHOO, SABINO YNARES-SANTIAGO, PADILLA JR., EDUARDO P. AUSTRIA-MARTINEZ, LIZARES and GRACE CALLEJO, SR., and CHRISTIAN HIGH SCHOOL, CHICO-NAZARIO, JJ. Petitioners, - versus - PAUL SYCIP and MERRITTO LIM, Respondents

G.R. No. 153468 | 2006-08-17

FIRST DIVISION

DECISION 

PANGANIBAN, CJ.: 

For stock corporations, the "quorum" referred to in Section 52 of the Corporation Code is based on the number of outstanding voting stocks. For nonstock corporations, only those who are actual, living members with voting rights shall be counted in determining the existence of a quorum during members' meetings. Dead members shall not be counted. 

The Case

The present Petition for Review on Certiorari[1] under Rule 45 of the Rules of Court seeks the reversal of the January 23[2] and May 7, 2002,[3] Resolutions of the Court of Appeals (CA) in CA-GR SP No. 68202. The first assailed...