Back

Go Ka Toc Sons & Co., Etc. vs. Rice And Corn Board

GO KA TOC SONS & CO., ETC., plaintiff-appellee, vs. RICE AND CORN BOARD, defendant-appellant.

G.R. No. L-23607 | 1967-05-23

D E C I S I O N 


BENGZON, J.P., J.: 

Plaintiff-appellee Go Ka Toc Sons & Co. is a duly registered partnership, not wholly owned by Filipinos, engaged since 1958 in the manufacture, processing and marketing of vegetable oil extracted from corn, rice, copra, soybean, peanuts, fish, and other vegetable products. 

On August 2, 1960, Republic Act 3018 was approved, Section 1 of which prohibited, among others, partnerships whose capital was not wholly owned by citizens of the Philippines from engaging, directly or indirectly, in the rice and/or corn industry. The law was to take effect on January 1, 1961. However, Section 3 (a)...