PD 447 Section 4

Section 4

SEC. 4. All preferred shares that rural banks may issue in favor of the Land Bank under Section 2 and Section 3 of this Decree shall share hi dividend distribution at three per cent (3%), without preference. By virtue of its holdings of preferred shares, the Land Bank shall be entitled to nominate one director in any rural bank where preferred shares are held by it.

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Other provisions in PD 447

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 447 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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