DIRECTING THE IMPLEMENTATION OF EXECUTIVE ORDER NO. 345, SERIES OF 1996, ENTITLED “TRANSFERRING THE BOARD OF LIQUIDATORS (BOL) FROM THE NATIONAL DEVELOPMENT COMPANY (NDC) TO THE…
National Administrative Register [ MEMORANDUM ORDER NO. 401, October 10, 1996 ]
In order to implement Executive Order No. 345, series of 1996, which mandated the abolition of the Board of Liquidators (BOL), the Asset Privatization Trust (APT) is hereby directed to:
a) Complete the transfer of the functions, records, equipment, facilities, assets and liabilities and personnel of BOL within thirty (30) days from issuance hereof;
b) Immediately assume the functions of the Board of Directors of the BOL; and
c) Submit to this Office a final report within fifteen (15) days from completion of the transfer;
For strict compliance.
Adopted: 10 Oct. 1996
(SGD.) FIDEL V. RAMOS
President of the Philippines
President of the Philippines
By Authority of the President:
(SGD.) RUBEN D. TORRES
Executive Secretary