PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY

REPUBLIC ACTS

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REPUBLIC ACT NO. 6307

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

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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