This case has been cited 2 times or more.
|
2014-02-05 |
MENDOZA, J. |
||||
| In the February 2, 2011 Resolution, the Court dismissed the movants' petition for review on certiorari, which assailed the May 11, 2010 Decision and the August 27, 2010 Resolution (collectively, issuances) of the Court of Appeals (CA) in CA-G.R. SP No. 101202, in light of its ruling in Mid-Pasig Land Development Corporation v. Mario Tablante, et al.[4] (Tablante). The CA held that the issue of possession over the Payanig property or Home Depot property (subject property) had become moot and academic considering the expiration of the 3-year extended period of the contract of lease between MPLDC and Rockland Construction Company (Rockland). | |||||
|
2010-10-18 |
DEL CASTILLO, J. |
||||
| Moreover, this Court's pronouncement in Cagayan Valley Drug Corporation v. Commissioner of Internal Revenue,[14] reiterated in PNCC Skyway Traffic Management and Security Division Workers Organization v. PNCC Skyway Corporation[15] and Mid-Pasig Land Development Corporation v. Tablante,[16] on the authority of certain officers and employees of the corporation to sign the verification and certification of non-forum shopping is likewise significant, to wit: It must be borne in mind that Sec. 23, in relation to Sec. 25 of the Corporation Code, clearly enunciates that all corporate powers are exercised, all business conducted, and all properties controlled by the board of directors. A corporation has a separate and distinct personality from its directors and officers and can only exercise its corporate powers through the board of directors. Thus, it is clear that an individual corporate officer cannot solely exercise any corporate power pertaining to the corporation without authority from the board of directors. This has been our constant holding in cases instituted by a corporation. | |||||