Republic Act No. 922: An act to amend section one of commonwealth act numbered six hundred six by defining the term "lease" or "charter" and for other purposes

In plain language

Amends Commonwealth Act No. 606 to restrict transfer, sale, mortgage, lease, charter, and construction of Philippine vessels to non-citizens and foreign entities without Presidential approval, and defines the term "lease" or "charter".

Prohibits transfer or placement of Philippine vessels under foreign registry or flag at war with the Philippines without Presidential approval.

Prohibits sale, mortgage, lease, charter, or transfer of vessels or interests to non-citizens or foreign entities without Presidential approval.

Prohibits construction of vessels for non-citizens or foreign entities under conditions that would place them under foreign registry or flag at war with the Philippines.

Prohibits granting controlling interest or majority voting power in Philippine corporations owning vessels or shipyards to non-citizens or foreign entities.

Prohibits departure of vessels constructed wholly or partly in the Philippines that have not cleared for any foreign port before registration under Philippine laws.

Maritime law

Foreign ownership

Vessel registration

Lease

Charter

[ REPUBLIC ACT NO. 922, June 20, 1953 ]

AN ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND FORTY

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1

Section three of Republic Act Numbered Five hundred and forty is hereby amended to read as follows:

Section 3. The control and administration of these land grants are hereby vested permanently in the Executive Board of the Girl Scouts of the Philippines. The Board may develop, lease all or any portion of these lands subject to the provisions of the Public Land Act, as amended, and the existing regulations of the Secretary of Agriculture and Natural Resources.

Section 2

This Act shall take effect upon its approval.

Approved, June 20, 1953.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.