Republic Act No. 6307

: Republic Act No. 6307 is an act approving the transfer, assignment, sale, or mortgage of the franchise granted under Republic Act No. 5196.
: Republic Act No. 6307 was enacted on June 19, 1971.
: It pertains to the franchise granted under Republic Act No. 5196.
: It approves the transfer, assignment, sale, or mortgage of the franchise together with all rights and privileges.
: The franchise can be transferred or assigned to any banking or financing institution or any individual, corporation, co-partnership or joint-stock company.
: Yes, such transactions are subject to the provisions of the Constitution.
: Yes, all transactions are subject to the terms and conditions of the franchise granted under RA 5196.
: The Act took effect upon its approval on June 19, 1971.
: No, the Act was enacted without executive approval.
: The rights and privileges granted under the franchise are included in the approval for transfer, assignment, sale, or mortgage.