, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58

, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58

, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58

, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58

, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58

, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58

, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58

, January 24, 2012

FACTS: coconut farmers and thedistribution of the shares of the stockof the bank it [PCA] acquired free
to thecoconut farmers‖ (Sec.2). Thus, the PCA acquired the First United Bank, later renamed the United
CoconutPlanters Bank (UCPB). The PCA bought the 72.2% of PUB’s outstanding capital stockor 137,866
shares at P200 per share (ought to be issued to every copra seller.During the Martial Law regime, then
President Ferdinand Marcos issued severalPresidential Decrees purportedly for the improvement of the
coconut industry. The mostrelevant among these is P.D. No. 755 which permitted the use of the Fund for
the ―acquisition of a commercial bank for the benefit of coconut farmers and thedistribution of the
shares of the stockof the bank it [PCA] acquired COCOFED vs. Republic,

GR Nos. 177857-58