PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
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REPUBLIC ACT NO. 6307 - AN
ACT APPROVING THE TRANSFER, ASSIGNMENT, SALE OR MORTGAGE OF THE
FRANCHISE GRANTED UNDER REPUBLIC ACT NUMBERED FIVE THOUSAND ONE HUNDRED
NINETY-SIX
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| Section
1.
Subject to the provisions of the Constitution and to the terms and
conditions of the franchise granted under Republic Act Numbered Five
thousand one hundred ninety-six, the transfer, assignment, sale or
mortgage of said franchise together with all the rights and privileges
granted thereunder in favor of any banking or financing institution or
any individual, corporation, co-partnership or joint-stock company, is
hereby approved. Sec. 2. This Act shall take effect upon its approval. Enacted without Executive
approval, June 19, 1971. |
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