Republic Acts1 min read
Section 16Sec./Art. 16
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Dispersal of Ownership. In accordance with the constitutional provisions to encourage public participation in the public utilities, the grantee shall offer at least thirty per centum (30%) of its stock or a higher percentage that hereafter be provided by law in any securities exchange in the Philippines within five (5) years from commencement of its operations. Noncompliance herewith shall render the franchise revoked.
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