Section 8
SEC. 8. The grantee shell not lease, transfer, grant the usufruct of, sell or assign this franchise permit, or the rights or privileges acquired thereunder to any person, firm, company, corporation or other commercial or legal entity, nor merge with any other person, company or corporation, organized for the same purpose, without the previous approval of the Congress of the Philippines. This Act shall take effect upon its approval. Approved, October 23, 1972.