Section 8
SEC . 8. Any person, natural or judicial, to which this temporary permit may be sold, transferred or assigned, shall be subject to the corporation laws of the Philippines, now existing or hereafter enacted, and any person to which this temporary permit is sold, transferred or assigned shall be subject to all conditions, terms, restrictions and limitations of this temporary permit had been fully and completely and to the same extent as temporary permit had been originally granted to such person.