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Andaya vs. Rural Bank of Cabadbaran, Inc., et al.

JOSEPH OMAR O. ANDAYA, Petitioner, versus RURAL BANK OF CABADBARAN, INC., DEMOSTHENES P. ORAIZ and RICARDO D. GONZALEZ, Respondents.

G.R. No. 188769 | 2016-08-03

RESOLUTION
 
SERENO, CJ:
 
This case concerns the dismissal1 of an action for mandamus that sought to compel respondents Rural Bank of Cabadbaran, Inc., Demosthenes P. Oraiz, and Ricardo D. Gonzalez to register the transfer of shares of stock and issue the corresponding stock certificates in favor of petitioner Joseph Omar O. Andaya. The Cabadbaran City Regional Trial Court (RTC) ruled that petitioner Andaya was not entitled to the remedy of mandamus, since the transfer of the subject shares of stock had not yet been recorded in the corporation's stock and transfer book, and the registered owner, Concepcion O. Chute, had not...