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CA 694 Section 7

CA 694 Section 7

Section 7

SEC. 7. The proceeds of the sale of the machinery, tools and equipment shall, after deducting the expenses necessarily incurred in the management of the affairs of the Corporation or in the collection of its credits by the Agricultural and Industrial Bank, be applied to the payment of the capital stock of the Agricultural and Industrial Bank subscribed by the Government of the Philippines subject to the limitation established in section six of Commonwealth Act Numbered Four hundred and fifty-nine.

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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 7 (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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