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PD 1770 Section 9

PD 1770 Section 9

Capitalization.

Section 9

SEC. 9. Capitalization. — The authority shall have an authorized capital stock of five billion pesos, divided into fifty million shares or par value of ore hundred pesos each. These shares shall be wholly subscribed and paid by the national government, local government units, or other government owned be controlled corporations. The accumulated capital stock and surpluses of the National Grains Authority shall be evaluated and shall be the initial laid in capital of the authority. The national government shall lake additional equity investments into the authority out of funds appropriated in the General appropriations Act and other appropriations laws as may be approved by the President in accordance with the fund requirements of the Authority and funds availability in the Treasury.

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Other provisions in PD 1770

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 1770 Section 9 (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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