Petition for Voluntary Dissolution of Modernmix Interiors Unlimited, Inc.

 [SEC-SICD * CASE NO. 04-98-5951. November 18, 1999.]PETITION FOR VOLUNTARY DISSOLUTION OF MODERNMIX INTERIORS UNLIMITED, INC.MA. THERESA A. STAUB, LEO C. AYAG, petitioners.D E C I S I O NThis is a petition for voluntary dissolution of Modernmix Interiors Unlimited, Inc., ("Modernmix") filed by Ma. Theresa A. Staub and Leo C. Ayag, stockholders and Directors of Modernmix Interiors Unlimited, Inc.The petition alleges among others that: "Modernmix" is a corporation duly organized and existing under Philippine Laws; it has an authorized capital stock of Three Hundred Thousand Pesos (P300,000.00) divided into sixty (60) shares with a par value Five Thousand Pesos (P5,000.00) each of which seventy five thousand (P75,000.00) worth of shares have been subscribed and fully paid; on September 27, 1999, a special meeting was called where 65,000 shares or 86.6% of the corporation's outstanding capital stock were represented and during which meeting it was unanimously approved that petitioner corporation be dissolved. Subsequent to the adoption of the said resolution, the corporation ceased its operations on October 5, 1995.Acting on the petition the Commission issued...