RA 387 Article 92

Extinction of rights.

Article 92

ART. 92. Extinction of rights.—Rights acquired by virtue of a concession granted under this Act shall become extinguished upon the expiration of its term including the extentions or renewals thereof, if any, or upon the cancel-lation or renunciation of such concession. In the event of such extinction of rights, any sum payable to the Government by the concessionaire and then unpaid shall become due and payable forthwith, the property of the concessionaire shall be disposed of in accordance with the provisions of article ninety-three of this Act, and the concession contract shall be surrendered to the Secretary of Agriculture and Natural Resources.

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CitationRA 387 Article 92 (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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