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PD 2030 Section 1

PD 2030 Section 1

Section 1

SECTION 1. Creation of the Trust, (a) There is hereby created a body corporate to be known as the Asset Disposition Trust (herein referred to as the Trust) that shall, in trust for and for the benefit of the National Government, take title to, conserve and dispose of the assets described in and transferred to the Trust pursuant to Section 20 of this Decree. (b) The capitalization of the Trust shall be One Hundred Million Pesos (P100,000,000.00), which shall be paid in by the National Government, chargeable against applicable appropriations in Batas Pambansa Blg. 879. (c) The Trust shall have its principal place of business in Metropolitan Manila. (d) The Trust shall be attached to the Ministry of Finance for policy and program coordination. (e) The Trust shall exist for a period of six years from the date of this Decree, and all assets held by it, all moneys and other property belonging to it, and all its liabilities outstanding upon the expiry of such period shall revert to and be assumed by the National Government.

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Other provisions in PD 2030

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 2030 Section 1 (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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