Bill Type
Congress Name
Long Title
AN ACT ESTABLISHING THE PROCEDURE FOR THE REHABILITATION OF DISTRESSED DOMESTIC CORPORATIONS AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 902-A, AS AMENDED, AND OTHER PERTINENT LAWS
Date filed
August 24, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB08154 |
| FULL TITLE : AN ACT ESTABLISHING THE PROCEDURE FOR THE REHABILITATION OF DISTRESSED DOMESTIC CORPORATIONS AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 902-A, AS AMENDED, AND OTHER PERTINENT LAWS |
| ABSTRACT : "Philippine Corporate Rehabilitation Act of 1999". This bill substantiates the policy of the State to help in bringing back ot its original state of viability any domestic corporation which has become distressed, by providing for a mechanism that can expeditiously assist in its rehabilitation in order that evert unit of production may be harnessed for the development of the national economy. |
| PRINCIPAL AUTHOR/S : VILLAROSA, MA. AMELITA C. |
| DATE FILED : 1999-08-24 |
| SIGNIFICANCE: NATIONAL |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1999-08-30 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON GOVERNMENT ENTERPRISES AND PRIVATIZATION |
Abstract
"Philippine Corporate Rehabilitation Act of 1999". This bill substantiates the policy of the State to help in bringing back ot its original state of viability any domestic corporation which has become distressed, by providing for a mechanism that can expeditiously assist in its rehabilitation in order that evert unit of production may be harnessed for the development of the national economy.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.