Extension of Corporate Life of the Philippine National Railways
Republic Act No. 10638, enacted on June 16, 2014, extends the corporate life of the Philippine National Railways (PNR) for an additional fifty years, starting from June 20, 2014. This law amends Republic Act No. 4156, which originally established the PNR as a government instrumentality for nationwide railroad and transportation services. The PNR will continue to operate under the Department of Transportation and Communications, with its main office located in Manila. The act took effect immediately upon publication in the Official Gazette or a widely circulated newspaper.
Law Information
- Reference Number
- Republic Act No. 10638
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 16, 2014
REPUBLIC ACT NO. 10638
AN ACT EXTENDING THE CORPORATE LIFE OF THE PHILIPPINE NATIONAL RAILWAYS FOR ANOTHER FIFTY (50) YEARS, FURTHER AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 4156, AS AMENDED, ENTITLED "AN ACT CREATING THE PHILIPPINE NATIONAL RAILWAYS, PRESCRIBING ITS POWERS, FUNCTIONS AND DUTIES, AND PROVIDING FOR THE NECESSARY FUNDS FOR ITS OPERATION"
SECTION 1. Section 1 of Republic Act No. 4156, as amended, is hereby further amended to read as follows:
"Section 1. Name, Duration and Domicile. — A corporation to serve as the instrumentality of the Government of the Philippines in providing a nationwide railroad and transportation system, is hereby created to be known as the Philippine National Railways, which shall exist for a term of fifty (50) years from the date of approval of this Act and shall be extended for another fifty (50) years, commencing on 20 June 2014. It shall have its main office in the City of Manila, and shall have such branches and agencies within the Philippines as may be necessary for the proper conduct of its business. This Corporation shall be under the Department of Transportation and Communications." EHACcT
SECTION 2. This Act shall take effect immediately following its publication in the Official Gazette or in a newspaper of general circulation.
Approved: June 16, 2014.
Published in The Manila Bulletin on June 18, 2014.
Cite This Law
Extension of Corporate Life of the Philippine National Railways, Republic Act No. 10638, Jun 16, 2014 (Philippines)
Extension of Corporate Life of the Philippine National Railways, Republic Act No. 10638 (Phil. 2014)
Related Laws
- Rehabilitation and Modernization of the Philippine National RailwaysRepublic Act No. 6366 • Aug 16, 1971 • Statutes
- An Act Creating the Philippine National Railways, Prescribing Its Powers, Functions and Duties, and Providing for the Necessary Funds for Its OperationRepublic Act No. 4156 • Jun 20, 1964 • Statutes
- Authority of Finance Secretary to Purchase Capital Stock of Philippine National RailwaysRepublic Act No. 4698 • Jun 18, 1966 • Statutes
- Extension of Life of Committee on Privatization and Asset Privatization TrustRepublic Act No. 7181 • Jan 17, 1992 • Statutes
- Transfer and Conveyance of Certain Properties of the Philippine National Railways to the NHALetter of Instructions No. 1513 • Jan 23, 1986 • Presidential Issuances
- National Extension Workers Development Education Program within the University of LifeLetter of Instructions No. 1126 • May 11, 1981 • Presidential Issuances
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