WebRA 337: General Banking Act Section 64. The capital stock and funds of a trust company may be loaned or otherwise invested as its by-laws prescribe; if it does a commercial banking business in addition to its trust business, the investment of its funds other than trust funds shall be governed by the relevant provisions of Chapter IV of this Act. Web[Section 1, RA 7653] GENERAL BANKING ACT Republic Act No. 337, as amended An act regulating banks and banking institutions and for other purposes IN GENERAL Rule on bank operations Only entities duly authorized by the Monetary Board of the Bangko Sentral may engage in the lending of funds obtained from the public through the receipt of …
RA 337 The General Banking Act of 1948 PDF Loans Banks
WebOn August 20, 1999, an Information 6 for violation of Section 83 of Republic Act No. 337 (RA 337) or the General Banking Act, as amended by Presidential Decree No. 1795, was filed against Go before the RTC. The charge reads: ... Section 83 of RA 337, as well as other banking laws adopting the same prohibition, 17 was enacted to ensure that ... 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 … ritchie your a man now boy zip
RA 337 the General Banking Act of 1948 - FDOCUMENTS
WebOct 23, 2009 · The word "and/or" did not materially affect the validity of the Information, as it merely stated a mode of committing the crime penalized under the General Banking Act (Section 83 of RA 337). Moreover, the prosecution asserted that the second paragraph of Section 83 (referring to the credit accommodation limit) cannot be interpreted as an ... WebThis is an original quo warranto proceeding, initiated by the Solicitor General, to dissolve the Security Credit and Acceptance Corporation for allegedly engaging in banking operations without the authority required therefor by the General Banking Act (Republic Act No. 337). smirk reaction pic