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1. The law creating the National Military and Development Authority (NMDA) provides that it has an authorized capital of One Hundred Billion Pesos (P100,000.00.00) which

1. The law creating the National Military and Development Authority (NMDA) provides that it has an authorized capital of One

Hundred Billion Pesos (P100,000.00.00) which may be fully subscribed by the Republic of the Philippines and shall other be paid up

from the proceeds of the sales of its land asses

it is created, among others to own hold and/or administer military reservations in the country and implement as conversion to other productive use

It stock or non stock corporation?

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