Abolition of Certain Gov't Corporations EO 465

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EXECUTIVE ORDER NO. 465: Abolition of Certain Gov't Corporations EO 465

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Title Source: Supreme Court: Abolition of Certain Gov't Corporations EO 465

Law: Executive Order No. 465

Decision Date: Jun 13, 1991

Executive Order No. 465, issued by President Corazon C. Aquino, abolishes certain government-owned or controlled corporations in the Philippines, grants the Board of Liquidators the authority to implement the abolition and dispose of assets, provides termination benefits for personnel, reverts appropriations and funds to the General Fund, designates the National Development Company as the disposition entity for the abolition of the Philippine National Lines, and repeals inconsistent executive orders and laws.

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