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GRACE BORGOÑA INSIGNE, DIOSDADO BORGOÑA, OSBOURNE BORGOÑA, IMELDA BORGOÑA RIVERA, AND ARISTOTLE BORGOÑA PETITIONERS, VS. ABRA VALLEY COLLEGES, INC. AND FRANCIS BORGOÑA, RESPONDENTS.

GRACE BORGOÑA INSIGNE, DIOSDADO BORGOÑA, OSBOURNE BORGOÑA, IMELDA BORGOÑA RIVERA, AND ARISTOTLE BORGOÑA PETITIONERS, VS. ABRA VALLEY COLLEGES, INC. AND FRANCIS BORGOÑA, RESPONDENTS.

G.R. No. 204089 | 2015-07-29

FIRST DIVISION
 
D E C I S I O N
 
BERSAMIN, J.:
 
Is the presentation of a stock certificate a condition sine qua non for proving one’s shareholding in a corporation? This is the decisive question to be resolved in this appeal.
 
The Case
 
In this appeal, the petitioners challenge the decision promulgated on June 6, 2012 in C.A.-G.R. SP No. 115203,[1]whereby the Court of Appeals (CA) affirmed the dismissal of their complaint by the Regional Trial Court (RTC), Branch 1, in Bangued, Abra under the order dated June 28, 2010 for their failure to comply with the order to present their stock certificates.[2]
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