Republic Acts1 min read
Section 7Sec./Art. 7
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Investment Houses. - Section 5 of Presidential Decree No. 129, as amended by Republic Act No. 8366, otherwise known as "The Investment Houses Law", is hereby amended to read as follows:
"Sec. 5. Citizenship Requirements. - An Investment House may be owned up to one hundred percent (100%) by foreign nationals.1wphi1 Foreign nationals may become members of the board of directors to the extent of the foreign participation in the equity of said enterprise."
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