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The petitioners moved to intervene, alleging that (1) the loan transactions between Saw Chiao Lian and Equitable Banking Corp. were not approved by the stockholders representing at least 2/3 of corporate capital; (2) Saw Chiao Lian had no authority to contract such loans; and (3) there was collusion between the officials of Freeman, Inc. and ...
Apr 6, 2020 · The petitioners moved to intervene, alleging that (1) the loan transactions between Saw Chiao Lian and Equitable Banking Corp. were not approved by the stockholders representing at least 2/3 of corporate capital; (2) Saw Chiao Lian had no authority to contract such loans; and (3) there was collusion between the officials of Freeman ...
Apr 8, 1991 · G.R. No. 90580 - RUBEN SAW, ET AL. vs. COURT OF APPEALS, ET AL. PLEASE CLICK HERE FOR THE LATEST SUPREME COURT DECISIONS. FIRST DIVISION. G.R. No. 90580 April 8, 1991. RUBEN SAW, DIONISIO SAW, LINA S. CHUA, LUCILA S. RUSTE AND EVELYN SAW, Petitioners, vs. HON. COURT OF APPEALS, HON.
The petitioners Saw moved to intervene in a collection suit filed by Equitable Banking Corporation against Freeman, Inc. and its president Saw Chiao Lian, alleging that the loans were made without proper approval and there was collusion. The motion to intervene was denied.
The petitioners moved to intervene, alleging that (1) the loan transactions between Saw Chiao Lian and Equitable Banking Corp. were not approved by the stockholders representing at least 2/3 of corporate capital; (2) Saw Chiao Lian had no authority to contract such loans; and (3) there was collusion between the officials of Freeman, Inc. and ...
Apr 8, 1991 · Freeman, Inc, and Saw Chiao Lian is essentially in personam and, as an action against defendants in their personal capacities, will not prejudice the petitioners as stockholders of the corporation.
Saw vs. Court of Appeals 195 SCRA 740, G. No. 90580 April 8, 199 1 Facts: A collection suit with preliminary attachment was filed by Equitable Banking Corporation against Freeman, Inc. and Saw Chiao Lian, its President and General Manager.
