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Emilio C. Igna, et al. vs. Rosendo C. Carticiano, et al.
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Emilio C. Igna, et al. vs. Rosendo C. Carticiano, et al.
SEC-SICD Case No. 5368
April 7, 1998
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SEC Securities Investigation and Clearing Department
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Emilio C. Igna, et al. vs. Rosendo C. Carticiano, et al.
SEC-SICD Case No. 5368
•April 7, 1998
[SEC-SICD * CASE NO. 5368. April 7, 1998.]EMILIO C. IGNA, ET AL., petitioners, vs. ROSENDO C. CARTICIANO, ET AL., respondents.D E C I S I O NThis is a petition filed on June 3, 1996 seeking resolution of the issues raised surrounding the April 20, 1996 election of the Board of Directors of URCI-Las Piñas Condominium Corporation herein after referred to as URCI.Petitioners herein are members of URCI while the respondents are the incumbent members of the Board of Directors and members of the Committee of Election. At the preliminary hearing on the above-entitled-case held on September 5, 1996, the parties by their respective counsels agreed to submit the case for decision on the basis of the pleadings and position papers, of the following two issues:1. What constitute a quorum for purposes of election of URCI Board of Directors and2. When is a member considered delinquent and therefore not qualified to vote. cdtaiPetitioners alleged, among others, that URCI has 286 members of which 95 members are entitled to vote for purposes of the regular election...
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