[SEC-SICD * CASE NO. 1807. September 5, 1980.]
AMPARO ARANZA-BONILLA, in her capacity as Special Administratrix and legal heir of the late Ricardo B. Bonilla, petitioner, vs. GOLDEN GATE COLLEGES, INC., respondent.
D E C I S I O N
This is an action against Golden Gate Colleges, Inc., (GGCI, for brevity) for cancellation of its certificate of registration on the ground that the same was procured through fraud. Amparo Aranza Bonilla, in her capacity as Special Administratrix and legal heir of the late Ricardo Bonilla, filed, thru counsel, the verified petition, dated 26 October 1979, alleging, inter alia, that in procuring the registration certificate of GGCI, fraud was committed by making it appear in its Articles of Incorporation that May and Gliceria Bonilla, two of the incorporators-stockholders of the respondent corporation were both of legal age when in fact, they were both minors, being only 14 years and two months old and 19 years old, respectively. Solely on this ground, petitioner prays for the cancellation of the respondent corporation's certificate of registration issued by this Commission...
