Republic Acts1 min read
Section 2Sec./Art. 2
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Section 14 of Republic Act No. 8339 is hereby amended to read as follows:
"Section 14. Dispersal of Ownership. - In accordance with constitutional provisions to encourage public participation in public utilities, the grantee shall offer at least thirty percentum (30%) of its outstanding capital stock or a higher percentage that may hereafter be provided by law in any securities exchange in the Philippines within ten (10) years from the commencement of its operations. Non-compliance therewith shall render the franchise ipso facto revoked.
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