AN ACT EXTENDING THE LIFE OF THE LAND BANK OF THE PHILIPPINES, FURTHER AMENDING REPUBLIC ACT NO. 3844. OTHERWISE KNOWN AS THE "AGRICULTURAL LAND REFORM CODE". AS AMENDED
Agricultural Land Reform Code
Year:
2013
Category:
Other
Date Approved:
March 5, 2013
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act extends the legal existence of the Land Bank of the Philippines for an additional fifty years, allowing it to continue financing the acquisition of land for small landholders. It amends Republic Act No. 3844, which is known as the Agricultural Land Reform Code.Full Text
Fifteenth Congress
Third Regular Session
Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand twelve.
REPUBLIC ACT No. 10374
AN ACT EXTENDING THE LIFE OF THE LAND BANK OF THE PHILIPPINES, FURTHER AMENDING REPUBLIC ACT NO. 3844. OTHERWISE KNOWN AS THE "AGRICULTURAL LAND REFORM CODE". AS AMENDED
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Section 74 of Republic Act No. 3844 is amended to read as follows:
Section 2. Separability Clause. – If, for any reason, any provision of this Act is declared invalid or unconstitutional, the remaining provisions not affected thereby shall continue to be in force and effect.
Section 3. Repealing Clause. – All laws, decrees, executive orders, proclamations, rules and regulations, and other issuances, or parts thereof, which are inconsistent with the provisions of this Act are hereby repealed or modified accordingly.
Section 4. Effectivity Clause. – This Act shall take effect fifteen (15) days after its complete publication in the Official Gazette or in at least two (2) newspapers of general circulation, whichever is earlier.
Approved,
This Act which is a consolidation of Senate Bill No. 2944 and House Bill No. 5461 was finally passed by the Senate and the House of Representatives on December 17, 2012 and December 19, 2012, respectively.
Approved: MAR 05 2013
(Sgd.) BENIGNO S. AQUINO III
President of the Philippines
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.