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Batas Pambansa Bilang 32
AN
ACT TO AMEND ARTICLES NINE AND TEN, CHAPTER TWO, PRELIMINARY TITLE, OF
PRESIDENTIAL DECREE NUMBERED FOUR HUNDRED FORTY-TWO, AS AMENDED,
OTHERWISE
KNOWN AS THE LABOR CODE OF THE PHILIPPINES, IN ORDER TO REMOVE
DISCREPANCIES
WITH PRESIDENTIAL DECREE NUMBERED TWENTY-SEVEN WHICH SAID CHAPTER
PURPORTS
TO REPRODUCE.
chan
robles
virtual law library
BATAS
PAMBANSA BILANG 32AN
ACT TO AMEND ARTICLES NINE AND TEN, CHAPTER TWO, PRELIMINARY TITLE, OF
PRESIDENTIAL DECREE NUMBERED FOUR HUNDRED FORTY-TWO, AS AMENDED,
OTHERWISE
KNOWN AS THE LABOR CODE OF THE PHILIPPINES, IN ORDER TO REMOVE
DISCREPANCIES
WITH PRESIDENTIAL DECREE NUMBERED TWENTY-SEVEN WHICH SAID CHAPTER
PURPORTS
TO REPRODUCE.chan
robles
virtual law library
chanrobles virtual law librarySection
1. In order to remove apparent
but unintended discrepancies of Chapter II, Preliminary Title, of
Presidential
Decree Numbered Four hundred forty-two, as amended, otherwise known as
the Labor Code of the Philippines, with Presidential Decree Numbered
Twenty-seven
which said Chapter purports to reproduce, Articles 9 and 10 said
Chapter
are hereby amended, correspondingly, to read as follows:chanroblesvirtuallawlibrary
"Art.
9. Determination of land
value. — For the purpose of determining the cost of the land to be
transferred
to the tenant-farmer, the value of the land shall be equivalent to two
and one-half (2 1/2) times the average harvest of three (3) normal crop
years immediately preceding the promulgation of Presidential Decree No.
27 on October 21, 1972.chanrobles virtual law library
"The
total cost of the land, including interest at the rate of six percent
(6%)
per annum, shall be paid by the tenant in fifteen (15) years of fifteen
(15) equal annual amortization.chanrobles virtual law library
"In
case of default, the amortization due shall be paid by the farmers'
cooperative
in which the defaulting tenant-farmer is a member, with the cooperative
having a right of recourse against him.chanrobles virtual law library
"The
government shall guarantee such amortization with shares of stock in
government-owned
and government-controlled corporations."chanrobles virtual law library
"Art.
10. Conditions of ownership.
— No title to the land acquired by the tenant-farmer under Presidential
Decree No. 27 shall be actually issued to him unless and until he has
become
a full-fledged member of a duly recognized farmers' cooperative.
"Title
to the land acquired pursuant to Presidential Decree No. 27 or the Land
Reform Program of the Government shall not be transferable except by
hereditary
succession or to the Government in accordance with the provisions of
Presidential
Decree No. 27, the Code of Agrarian Reforms and other existing laws and
regulations."chanrobles virtual law library
Sec.
2. Any law, rule, regulation,
circular or memorandum inconsistent with this Act is hereby declared
null
and void.
Sec.
3. This Act shall take
effect immediately upon its approval.chanrobles virtual law library
Approved:
June 6, 1979
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