This case has been cited 5 times or more.
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2012-07-18 |
MENDOZA, J. |
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| Two requisites must concur before one may be classified as a stock corporation, namely: (1) that it has capital stock divided into shares; and (2) that it is authorized to distribute dividends and allotments of surplus and profits to its stockholders. If only one requisite is present, it cannot be properly classified as a stock corporation. As for non-stock corporations, they must have members and must not distribute any part of their income to said members.[3] | |||||
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2011-08-24 |
CARPIO, J. |
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| In Philippine Fisheries Development Authority v. Court of Appeals,[22] the Court held: x x x [T]he real property tax assessments issued by the City of Iloilo should be upheld only with respect to the portions leased to private persons. In case the Authority fails to pay the real property taxes due thereon, said portions cannot be sold at public auction to satisfy the tax delinquency. In Chavez v. Public Estates Authority it was held that reclaimed lands are lands of the public dominion and cannot, without Congressional fiat, be subject of a sale, public or private x x x. | |||||
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2010-12-15 |
CARPIO, J. |
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| [6] G.R. No. 169836, 31 July 2007, 528 SCRA 706. | |||||
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2007-10-02 |
AZCUNA, J. |
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| This is in consonance with the ruling in Philippine Fisheries Development Authority v. Court of Appeals[21] where this Court held that: On the basis of the parameters set in the MIAA [Manila International Airport Authority v. Court of Appeals][22] case, the Authority should be classified as an instrumentality of the national government. As such, it is generally exempt from payment of real property tax, except those portions which have been leased to private entities. | |||||