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RA 7916 (The Special Economic Zone Act of 1995) Section 34

Termination of Business.

Section 34

SEC. 34. Termination of Business. — Investors in the ECOZONE who desire to terminate business or operations shall comply with such requirements and procedures which the PEZA shall set, particularly those relating to the clearing of debts. The assets of the closed enterprises can be transferred and the funds can be remitted out of the ECOZONE subject to the rules, guidelines and procedures prescribed jointly by the Bangko Sentral ng Pilipinas, the Department of Finance and the PEZA.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER III OPERATIONS WITHIN THE ECOZONE →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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