- Extension of Corporate Life of the Philippine National Railways
- Republic Act No. 10638
June 16, 2014
REPUBLIC ACT NO. 10638
AN ACT EXTENDING THE CORPORATE LIFE OF THE PHILIPPINE NATIONAL RAILWAYS FOR ANOTHER FIFTY (50) YEARS, FURTHER AMENDING FOR THE PURPOSE
SECTION 1. Section 1 of
"Section 1. Name, Duration and Domicile. A corporation to serve as the instrumentality of the Government of the Philippines in providing a nationwide railroad and transportation system, is hereby created to be known as the Philippine National Railways, which shall exist for a term of fifty (50) years from the date of approval of this Act and shall be extended for another fifty (50) years, commencing on 20 June 2014. It shall have its main office in the City of Manila, and shall have such branches and agencies within the Philippines as may be necessary for the proper conduct of its business. This Corporation shall be under the Department of Transportation and Communications." EHACcT
SECTION 2. This Act shall take effect immediately following its publication in the Official Gazette or in a newspaper of general circulation.
Approved: June 16, 2014.
Published in The Manila Bulletin on June 18, 2014.