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RA 2229 Section 5

RA 2229 Section 5

Section 5

SEC 5. In the event that Rural Bankers Association of the Philippines is dissolved or ceases for any reason to need the land, the. said land shall ipso facto revert to the National Government without compensation: Provided, That the improvements thereon may be sold at public auction, and the proceeds thereof shall be used to liquidate any outstanding obligation incurred by the Association in the construction of the building: Provided, further, That the purchaser of the improvements shall be allowed to lease the said land from the Government at a reasonable rental.

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Other provisions in RA 2229

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 2229 Section 5 (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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