Question & AnswerQ&A (Republic Act No. 3223)
The main purpose of Republic Act No. 3223 is to authorize the Manila Chronicle to sell, transfer, or assign its rights and privileges acquired under Republic Act No. 1343 to the Chronicle Broadcasting Network.
The Manila Chronicle may sell, transfer, or assign its rights and privileges to the Chronicle Broadcasting Network, a corporation duly registered under the laws of the Philippines.
The rights and privileges acquired by the Manila Chronicle under Republic Act No. 1343, which granted it a permit to construct, maintain, and operate radio broadcasting stations and television stations in the Philippines.
Yes, the assignee, vendee, or transferee shall be subject to all the conditions, terms, restrictions, and limitations of the original permit as if the permit had been originally granted to them.
Republic Act No. 1343, which granted the Manila Chronicle a permit to construct, maintain, and operate radio and television broadcasting stations.
The Act took effect upon its approval on June 17, 1961.
It allows for the transfer or assignment of those rights and privileges to the Chronicle Broadcasting Network while maintaining all original conditions and restrictions.
Yes, upon transfer, the Chronicle Broadcasting Network obtains the rights and privileges subject to all original permit conditions.
A corporation duly registered under the laws of the Philippines.
No, the Act does not specify any penalties but subjects the assignee to all original permit terms and restrictions.