WebMay 10, 1994 · Amendment and Repeal of Inconsistent Laws.—Sections 11, 12, 12-A, 12-B, 13, 14-A, 21-B, and 68 of Republic Act No. 337, as amended, otherwise known as the General Banking Act: Sections 4 and 5 of Republic Act No. 7353, otherwise known as the Rural Banks Act; Sections 4 and 14 of Republic Act No. 3779, as amended, otherwise … WebTHE GENERAL BANKING ACT (Republic Act No. 337 as amended) Chapter I. TITLE AND DEFINITIONS. Section 1. The short title of this Act shall be "The General Banking Act." Sec. 2. Only entities duly authorized by the Monetary Board of the Central Bank may engage in the lending of funds obtained from the public through the receipt of deposits of …
Republic Act No. 337 - Philippine Law Firm
WebMay 10, 2012 · Section 3.1 of the General Banking Law defines banks as “entities engaged in the lending of funds obtained in the form of deposits.” The Old General Banking Act (R.A. No. 337) gave a fuller picture of the basic banking function of obtaining funds from the public by way of deposits and the lending of these funds as follows: WebREPUBLIC ACT NO. 8791 AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF BANKS, QUASI-BANKS, TRUST ENTITIES … l pontine infarct icd 10
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES …
WebSuch institutions violate Section. 2 of the General Banking Act, Republic Act No. 337, should they engage in the "lending of funds obtained from the public through the receipts of deposits or the sale of bonds, securities or obligations of any kind" without authority from the Monetary Board. WebThe specific power of the Central Bank under the General Banking Act (RA No. 337) to require an independent audit of banks was re-enacted in Section 58 of the General Banking Law of 2000 (RA No. 8791). Indubitably, the Central Bank had the express constitutional and statutory power to promulgate Circular No. 1124 on December 5, 1986. WebREPUBLIC ACT NO. 337 AN ACT REGULATING BANKS AND BANKING INSTITUTIONS AND FOR OTHER PURPOSES. CHAPTER I. - Title and Definitions Sec. 1. Act." The short title of this Act shall be "The General Banking. Sec. 2. Only duly authorized persons and entities may engage in the lending of funds obtained from the public through the receipt … lpo offre emploi