Resolution Providing for a Summary Procedure in Election Cases

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Resolution Providing for a Summary Procedure in Election Cases

January 19, 1988

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Securities and Exchange Commission

SEC Rules and Regulations

Corporate

Resolution Providing for a Summary Procedure in Election Cases

January 19, 1988

January 19, 1988RESOLUTION PROVIDING FOR A SUMMARY PROCEDURE IN ELECTION CASESPursuant to Section 6 of Presidential Decree No. 902-A, as amended, which empowers the Commission to promulgate rules of procedure to govern the proceedings, hearings and appeals of cases falling within its jurisdiction, and in order to expedite the resolution of election cases, the Commission sitting en banc, resolved to promulgate the following rules on summary procedure in election cases: cdtaiSECTION 1. To What Cases Applicable. — This rule shall apply to disputes involving the election of directors or trustees in stock or non-stock corporations, respectively.SECTION 2. a) Pleadings Allowed. — The only pleadings allowed to be filed are the complaint or petition and the answer (to the complaint or petition, counterclaims or cross-claim). Cross-claims or counterclaims must be asserted in the answer or be considered barred.b) Verification. — All pleadings must be verified.SECTION 3. Duty of the Hearing Officer upon the Filing of the Complaint Or Petition. — Upon the filing of the complaint or petition, the Hearing Officer from a consideration of the...
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Resolution Providing for a Summary Procedure in Election Cases

Tags

Securities and Exchange Commission

SEC Rules and Regulations