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Act No. 2720 Section 5

Act No. 2720 Section 5

Section 5

SEC. 5. Each year the grantee shall offer for sale the portion of the land or portions already broken, irrigated, and prepared for cultivation: Provided, however, That only such portion or portions may be sold whose original purchase price shall have been fully paid to the government, and any other portions the sale whereof shall be authorized by the Director of Lands in consideration of partial payments made: Provided further, That in no case shall any portion of land be sold before being broken, irrigated, and placed in condition for cultivation, unless the selling price of the same shall have been approved by the Secretary of Agriculture and Natural Resources, or by the Governor-General in the event of appeal by the grantee from an adverse decision of the Secretary of Agriculture and Natural Resources: And provided, finally, That if, after five consecutive years from the date when said portion or portions already broken, irrigated, and prepared shall have been offered for sale, the same shall not have been sold by reason of excessive price thereof, then the Secretary of Agriculture and Natural Resources may revise and reconsider said price, reducing same, if necessary, provided, however, that the price thus fixed by said Secretary shall not be less than the price of the land, plus the actual cost of the improvements and a reasonable interest on the capital invested therein. The decision of the said Secretary reducing the price of the lands, as herein provided, shall likewise be subject to appeal to the Governor-General, whose decision shall be final and binding upon all concerned.

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Other provisions in Act No. 2720

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 2720 Section 5 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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