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PD 2030 Section 4

PD 2030 Section 4

Section 4

SEC. 4. Corporate Powers. The Trust is hereby authorized to adopt, alter and use a corporate seal which shall be judiciallly noticed; to make contracts; to lease or own real and personal property of any kind, and to sell or otherwise dispose of the same; to sue and be sued; to borrow money and incur such liabilities as may be reasonable necessary to permit it to carry out the responsibilities imposed upon it under this Decree; to receive and collect interest, rent and other income from assets held by it and to possess and exercise in respect of such assets all rights, powers and privileges of ownership; to compromise and release claims or settled liabilities, and otherwise to do and perform any and all things that may be necessary or, proper to carry out the purposes or this Decree; provided, that any borrowing by the Trust shall be subject to the prior approval of the Ministry of Finance; and provided, that in the performance of its functions under this Decree, the Trust shall not itself directly undertake the conservation and disposition of the assets held by it under this Decree, or the management of marketing thereof, but for such purposes shall employ the Asset Management corporation and the other external agencies referred to in Sections 14 and 16 hereof.

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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 4 (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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