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RA 2708 Section 5

RA 2708 Section 5

Section 5

SEC. 5. In case the Philippine Chamber of Industries 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 the obligations incurred by the Philippine Chamber of Industries or its subsidiary which financed the construction of the Industry Building. Provided, further, That the purchaser of the improvements shall be allowed to lease the said land from the Government at a reasonable price.

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Other provisions in RA 2708

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 2708 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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