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Second Issue:
Yes, the respondent judge committed a grave abuse of
discretion in ordering petitioner to pay respondent Adalia F.
Robes interests on her preferred shares.
Both Sec. 16 of the Corporation Law and Sec. 43 of the
present Corporation Code prohibit the issuance of any stock
dividend without the approval of stockholders, representing
not less than two-thirds (2/3) of the outstanding capital stock