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PD 389 (Forestry Reform Code of the Philippines) Section 14

Diffusion of Benefit.

Section 14

SEC. 14. Diffusion of Benefit. — No lease, license or license agreement issued to a corporation shall be granted, renewed or allowed to continue under the provision of this Code except upon the express condition that the grantee shall, within three (3) years from the date of the grant, renewal or, in the case of those that are not yet due to expire, within three (3) years from the approval of this Code, sell or offer for sale, under reasonable terms and conditions as may be determined by the Director, at least twenty per centum (20%) of its subscribed capital stock to its employees and/or to the general public. The Bureau shall, in its rules, ensure the further diffusion of the privilege to develop and utilize the forest resources to as many qualified and deserving applicants as possible, consistent with the policy of promoting the establishment of economic-size operational units.

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Other provisions in PD 389 (Forestry Reform Code of the Philippines)

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 389 (Forestry Reform Code of the Philippines) 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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