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SEC-OGC Opinion No. 13-13 (Re: Proprietary Shares; Vested Rights; Registration of Securities)

SEC-OGC Opinion No. 13-13

SEC-OGC Opinion No. 13-13 | 2013-12-05

Republic of the Philippines
Department of Finance
Securities and Exchange Commission
SEC Building, EDSA, Greenhills, Mandaluyong City
Office of the General Counsel

December 05, 2013
 
SEC-OGC Opinion No. 13-13

Re: Proprietary Shares; Vested Rights;
Registration of Securities

MR. JERIC HECHANOVA
General Manager

Cebu Country Club, Inc.
P.O. Box 698, Banilad
Cebu City, 6000

Dear Mr. Hechanova,

This refers to your letter dated 25 October 2013 amending and consolidating your initial queries stated in your letter of 27 December 2012.

In your 27 December 2012 letter, you mentioned that Cebu Country Club, Inc. ("CCCI") is a membership, non-stock...