PD 1402 Section 14

Transfer of Properties, Rights and Interests.

Section 14

SEC. 14. Transfer of Properties, Rights and Interests.—To enable the Corporation to effectively carry out its purpose and powers under this Decree, the Development Bank of the Philippines and the Secretary of Finance, the latter acting on behalf of the Government of the Republic of the Philippines, are hereby directed and authorized to transfer, assign and convey to the Corporation such properties, rights and/or interests as may be required by the Corporation in connection therewith, under terms and conditions to be mutually agreed upon among them.

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Other provisions in PD 1402

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 1402 Section 14 (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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