Abolition of NLDC and Transfer of Functions

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MEMORANDUM ORDER NO. 85: Abolition of NLDC and Transfer of Functions

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Title Supreme Court: Abolition of NLDC and Transfer of Functions

Law: Memorandum Order No. 85

Decision Date: Sep 2, 2015

A memorandum order directs the abolition of the National Livelihood Development Corporation (NLDC) due to overlapping programs and functions, with its assets and liabilities transferred to the Land Bank of the Philippines (LBP) and the Small Business Corporation (SBC) absorbing its functions.

abolition

government financial institution

overlapping programs

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