Disposition of Caltex Lands via NDC and BLC

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LETTER OF INSTRUCTIONS NO. 276: Disposition of Caltex Lands via NDC and BLC

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Title Source: Supreme Court: Disposition of Caltex Lands via NDC and BLC

Law: Letter Of Instructions No. 276

Decision Date: May 9, 1975

A letter of instructions directs Caltex (Philippines) Inc. to donate private lands to the National Development Company (NDC) and execute an exchange of landholdings for shares of stock, while also arranging a lease contract between Caltex and the Batangas Land Company (BLC) for a period of 50 years.

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