RA 12019 Section 3

Juridical Personality and Legal Capacity of the Board.

Section 3

SEC. 3. Juridical Personality and Legal Capacity of the Board. - The Board, as the governing body of the Fund, shall have juridical personality with full legal capacity to: (a) Contract; (b) Acquire and dispose of immovable and movable property; (c) Institute legal proceedings; (d) Negotiate, conclude, and enter into a hosting arrangement with the World Bank as interim trustee and host of the Fund's secretariat; and (e) Undertake activities as necessary for discharging its roles and functions.

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Other provisions in RA 12019

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

CitationRA 12019 Section 3 (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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