Amending Section 121 Of Commonwealth Act No. 141, As Amended, Otherwise Known As The Public Land Act, To Allow Qualified Juridical Entities To Acquire Lands Originally Granted Under The Fre
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Amending Section 121 Of Commonwealth Act No. 141, As Amended, Otherwise Known As The Public Land Act, To Allow Qualified Juridical Entities To Acquire Lands Originally Granted Under The Fre
Presidential Decree No. 763
August 6, 1975
Case Overview and Summary
Summary of Presidential Decree No. 763Amending Section 121 of Commonwealth Act No. 141 (Public Land Act)
- Allows qualified juridical entities (corporations, associations, or partnerships) to acquire lands originally granted under the free patent, homestead, or individual sale provisions of the Public Land Act for commercial and industrial purposes.
• Cites Section 1 as the legal basis.
- Requires consent of the grantee and approval of the Secretary of Natural Resources for such acquisitions.
• Cites Section 1 as the legal basis.
- Validates acquisitions of such lands by juridical entities prior to the promulgation of this Decree, provided:
• No final decision or reversion of such land to the State has been rendered by a court.
• The acquisition is approved by the Secretary of Natural Resources within six (6) months from the effectivity of this Decree.
• Cites Section 1 as the legal basis.
- Declares that the provisions of Section 124 of the Public Land Act, which may be contrary to this Decree, are not applicable to the acquisitions covered by this Decree.
• Cites Section 1 as the legal basis.
- Declares that this Decree shall take effect immediately.
• Cites Section 2 as the legal basis.
Amends
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Tags
Executive Issuances
Presidential Decrees
public land act
commonwealth act no. 141
free patent
homestead
individual sale
juridical entities
corporations
associations
partnerships
commercial purposes
industrial purposes
consent of grantee
approval of secretary of natural resources
acquisitions prior to decree
final decision
reversion to state
section 124
immediate effect
Law
Amending Section 121 Of Commonwealth Act No. 141, As Amended, Otherwise Known As The Public Land Act, To Allow Qualified Juridical Entities To Acquire Lands Originally Granted Under The Fre
Presidential Decree No. 763
•August 6, 1975
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 763 August 6, 1975
AMENDING SECTION 121 OF COMMONWEALTH ACT NO. 141, AS AMENDED, OTHERWISE KNOWN AS THE PUBLIC LAND ACT, TO ALLOW QUALIFIED JURIDICAL ENTITIES TO ACQUIRE LANDS ORIGINALLY GRANTED UNDER THE FREE PATENT, HOMESTEAD OR INDIVIDUAL SALE PROVISIONS OF SAID ACT, FOR COMMERCIAL AND INDUSTRIAL PURPOSES
WHEREAS, the provisions of Section 121 of Commonwealth Act No. 141, as amended by Commonwealth Act No. 615, limit the right of corporations, partnerships or associations to acquire or have any right to lands originally granted under the free patent, homestead or individual sale provisions of the said Act, only for educational, charitable, religious or right of way purposes;
WHEREAS, such restriction has been an obstacle to the efforts of the private sector to accelerate economic development;
WHEREAS, it is necessary in the national interest to remove restriction imposed by Commonwealth Act No. 615 on the right of judicial entities to acquire such lands for commercial or industrial purposes.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
public land act
commonwealth act no. 141
free patent
homestead
individual sale
juridical entities
corporations
associations
partnerships
commercial purposes
industrial purposes
consent of grantee
approval of secretary of natural resources
acquisitions prior to decree
final decision
reversion to state
section 124
immediate effect
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 763 August 6, 1975
AMENDING SECTION 121 OF COMMONWEALTH ACT NO. 141, AS AMENDED, OTHERWISE KNOWN AS THE PUBLIC LAND ACT, TO ALLOW QUALIFIED JURIDICAL ENTITIES TO ACQUIRE LANDS ORIGINALLY GRANTED UNDER THE FREE PATENT, HOMESTEAD OR INDIVIDUAL SALE PROVISIONS OF SAID ACT, FOR COMMERCIAL AND INDUSTRIAL PURPOSES
WHEREAS, the provisions of Section 121 of Commonwealth Act No. 141, as amended by Commonwealth Act No. 615, limit the right of corporations, partnerships or associations to acquire or have any right to lands originally granted under the free patent, homestead or individual sale provisions of the said Act, only for educational, charitable, religious or right of way purposes;
WHEREAS, such restriction has been an obstacle to the efforts of the private sector to accelerate economic development;
WHEREAS, it is necessary in the national interest to remove restriction imposed by Commonwealth Act No. 615 on the right of judicial entities to acquire such lands for commercial or industrial purposes.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the...
Login to see full content