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CA 694 Section 6

Section 6

SEC. 6. Upon the expiration of the period of five years, the affairs of the Corporation shall be wound up and the payment of outstanding liabilities, if any, shall be assumed, and the collection of credits be undertaken by the Agricultural and Industrial Bank, which, for this purpose, is hereby granted full authority to act and exercise the same powers and rights which under the premises can be done and exercised by the Agricultural Machinery and equipment Corporation.

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Other provisions in CA 694

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

CitationCA 694 Section 6 (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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