Practice question
Under Article XII, Section 11, what minimum Filipino capital ownership is stated for a Philippine-organized corporation or association granted authority to operate a public utility?
- At least sixty percent.
- At least ten percent.
- Exactly fifty percent and no more.
- No Filipino ownership under any circumstance.
- At least seventy-five percent in every business sector.
Legal references
- 1987 Constitution, Article XII Section 11: https://lawphil.net/consti/cons1987.html
- RA 11659, Section 4 amending Public Service Act Section 13(d): https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/94539
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