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PD 1080 Section 7

PD 1080 Section 7

Section 7

SEC. 7. Capital Stock. The initial authorized capital stock of the Corporation shall be TWO BILLION PESOS (P2,000,000,000) to be fully subscribed by the Government of the Republic of the Philippines. For this purpose, the sum of TWO BILLION PESOS (P2,000,000,000) is hereby appropriated from any sums not otherwise appropriated in the National Treasury. The Board may increase the authorized capital stock of the Corporation, subject to the approval of the President of the Philippines.

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Other provisions in PD 1080

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

CitationPD 1080 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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