Renato Tayag vs Benguet Consolidated, Inc_digested

Renato Tayag Tayag vs Benguet Consolidated, Inc. 26 SCRA 242 – Business Organizaon – Cor!oraon "a# – $o%icile o& a Cor!oraon – By "a#s 'ust (ield To a Court Order – Cor!oraon is an Ar)cial Being

In March 1960, Idonah Perkins died in New York. She lef behind propertes here and abroad. One proper! she lef behind were wo sock c ert"caes co#erin$ %%,00& shares o' socks o' he (en$)e *onsolidaed, Inc +(*I. Said sock cert"caes were in he possession o' he *o)nr! -r)s -r)s *opan! o' New York +*-*/NY. *-*/NY was he doiciliar! adinisraor adinisraor o' he esae o' Perkins +ob#io)sl! in he S. Meanwhile, in 196%, 2enao -a!a$ -a!a$ was appoined as he ancillar! adinisraor adinisraor +o' he propertes o' Perkins she lef behind in he Philippines.  disp)e arose beween *-*/NY and -a!a$ as o who beween he is entled o possess he sock cert"caes.  case ens)ed and e#en)all!, e#en)all!, he rial co)r ordered *-*/NY o )rn o#er he sock cert"caes o -a!a$. *-*/NY re')sed. -a!a$ hen "led wih he co)r a petton o ha#e said sock cert"caes be declared los and o copel (*I o iss)e new sock c ert"caes in replaceen hereo'. -he rial co)r $raned -a!a$3s petton. (*I assailed said order as i a#erred ha i canno possibl! iss)e new sock cert"caes beca)se he wo sock cert"caes declared los are no ac)all! los4 ha he rial co)r as well -a!a$ acknowled$ed ha he sock cert"caes e5iss and ha he! are wih *-*/NY4 ha accordin$ o (*I3s b! laws, i can onl! iss)e new sock cert"caes, in lie) o' los, solen, or desro!ed cert"caes o' socks, onl! afer co)r o' law has iss)ed a "nal and e5ec)or! order as o who reall! owns a cert"cae o' sock.

(en$)e *onsolidaed is a corporaton who owes is e5isence o Philippine laws. I has been $i#en ri$hs and pri#ile$es )nder he law. *orollar!, i also has obli$atons )nder he law and one o' hose is o 'ollow #alid le$al co)r orders. I is no i)ne 'ro ;)dicial conrol beca)se i is doiciled here in he Philippines. (*I is a Philippine corporaton owin$ ')ll alle$iance and s)b;ec o he )nresriced ;)risdicton o' local co)rs. Is shares o' sock canno here'ore be considered in an! wise as i)ne 'ro law')l co)r orders. <)rher, o allow (*I3s oppositon is o render he co)r order a$ains *-*/NY a ere scrap o' paper. I will lea#e -a!a$ wiho) an! reed! sipl! beca)se *-*/NY, a 'orei$n ent! re')ses o copl! wih a #alid co)r order. order. -he "nal reco)rse hen is 'or o)r local co)rs o creae a le$al "cton s)ch ha he sock cert"caes in iss)e be declared los e#en ho)$h in reali! he! e5is in he hands o' *-*/NY. -his is #alid. s held te and a$ain, "ctons which he law a! rel! )pon in he p)rs)i o' le$itae ends ha#e pla!ed an iporan par in is de#elopen. <)rher stll, he ar$)en in#oked b! (*I ha i can onl! iss)e new sock cert"caes in accordance wih is b!laws is isplaced. I is worh notn$ ha *-*/NY did no appeal he order o' he co)r = i sipl! re')sed o )rn o#er he sock ce rt"caes hence ownership can be said o ha#e been se>led in 'a#or o' esae o' Perkins here. lso, ass)in$ ha here reall! is a con?ic beween (*I3s b!laws b!laws and he co)r order, order, wha sho)ld pre#ail is he law')l co)r order. order. I wo)ld be hi$hl! irre$)lar i' co)r orders wo)ld !ield o he b!laws o' a corporaton. $ain, a corporaton is no i)ne 'ro ;)dicial orders.

ISS*+ -eter or not te argu%ents o& Benguet Consolidated, Inc. are correct.

78: No.

Pa$e 1 o' 1