Law Summary
Immediate Possession and Deposit Requirement
- Upon filing a petition for expropriation, the government must deposit 10% of the just compensation amount with the Philippine National Bank.
- This deposit entitles the government to immediate possession, control, and disposition of the property, including any improvements and the authority to demolish if necessary.
- These rights apply despite any ongoing court proceedings concerning the property.
Repeal and Amendment of Inconsistent Laws
- Various Presidential Decrees and related legal instruments inconsistent with this decree are repealed, amended, or modified accordingly.
- Specifies affected decrees include PD Nos. 42, 76, 464, 794, 1224, 1259, 1313, among others.
Effectivity
- The decree became effective immediately upon promulgation on June 11, 1978.
- Signed by then President Ferdinand E. Marcos and his Presidential Executive Assistant, Jacobo C. Clave.