An Act Authorizing Reynaldo Lumber Company to Sell, Transfer, or Assign its Rights and Privileges Acquired Under Republic Act Numbered Seven Hundred Ninety-Four in Favor of Cantilan Lumber Company
Year:
1965
Category:
Other
Date Approved:
June 19, 1965
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 authorizes Reynaldo Lumber Company to sell, transfer, or assign its rights and privileges acquired under a previous Republic Act to Cantilan Lumber Company. It ensures that the assignee is subject to the same terms and conditions as the original permit.Full Text
REPUBLIC ACT No. 4448
An Act Authorizing Reynaldo Lumber Company to Sell, Transfer, or Assign its Rights and Privileges Acquired Under Republic Act Numbered Seven Hundred Ninety-Four in Favor of Cantilan Lumber Company
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Reynaldo Lumber Company is hereby authorized and empowered to sell, transfer, or assign all the rights and privileges acquired by it under Republic Act Numbered Seven hundred ninety-four, entitled "An Act granting the Reynaldo Lumber Company, a temporary permit to construct, install, establish and operate private fixed point-to-point radio stations for the reception and transmission of radio communications within the Philippines," in favor of Cantilan Lumber Company, a corporation duly organized and registered under the laws of the Philippines: Provided, However, That the said vendee, transferee, or assignee shall be subject to all the terms and conditions, restrictions and limitations of the said permit as fully and completely and to the same extent as if the said permit had been originally granted to the said vendee, transferee or assignee.
Section 2. This Act shall take effect upon its approval.
Approved: June 19, 1965.
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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.