Rural Bank of Dolores (Quezon), Inc.
SEC Opinion • Securities and Exchange Commission • Opinions • Dec 21, 1982
Full text
December 21, 1982 Rural Bank of Dolores (Quezon),Inc. c/o Mr. Abelardo R. Pajarillo Dolores, Quezon Gentlemen: In reply to your letter of December 16, 1982, please be informed that the issuance by the Securities and Exchange Commission of the certificate of filing of amended articles of incorporation/certificate of increase of capital stock of the above-mentioned corporation from P1,000,000.00 to P2,000,000.00, is considered its approval thereof pursuant to Section 38 of the Corporation Code which provides, in part: llcd "SECTION 38. Power to increase or decrease of capital stock . ...From and after approval by the Securities and Exchange Commission of and the issuance by the Commission of its certificate of filing ,the capital stock shall stand increased or decreased ...." (emphasis supplied). Very truly yours, (SGD.) JESUS J. VALDES Associate Commissioner
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