Act Making Act Numbered Two Thousand and Three of the Philippine Legislature Applicable to that Part of the Philippine Islands Inhabited by Moros or Other Non-Christian Tribes
Act No. 2007, enacted on December 19, 1910, extends the provisions of Act No. 2003, which amends the Corporation Law regarding banking requirements, to areas in the Philippines inhabited by Moros and other non-Christian tribes. Specifically, it allows for certain exceptions to the banking reserve requirements that are applicable to these regions. This law aims to regulate banking practices in culturally distinct areas, ensuring they align with the broader legislative framework. The act took effect immediately upon its passage.
Law Information
- Reference Number
- Act No. 2007
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 19, 1910
ACT NO. 2007
ACT MAKING ACT NUMBERED TWO THOUSAND AND THREE OF THE PHILIPPINE LEGISLATURE APPLICABLE TO THAT PART OF THE PHILIPPINE ISLANDS INHABITED BY MOROS OR OTHER NON-CHRISTIAN TRIBES
SECTION 1. Act Numbered Two thousand and three of the Philippine Legislature, entitled "An Act amending section one hundred and twenty-five of Act Numbered Fourteen hundred and fifty-nine of the Philippine Commission, known as the 'Corporation law,' by making certain exceptions from the requirement that every bank shall at all times have on hand twenty per centum of the aggregate amount of its deposits," is hereby made applicable to that part of the Philippine Islands inhabited by Moros or other non-Christian tribes.
SECTION 2. This Act shall take effect on its passage.
ENACTED, December 19, 1910. CAIHTE
Cite This Law
Act Making Act Numbered Two Thousand and Three of the Philippine Legislature Applicable to that Part of the Philippine Islands Inhabited by Moros or Other Non-Christian Tribes, Act No. 2007, Dec 19, 1910 (Philippines)
Act Making Act Numbered Two Thousand and Three of the Philippine Legislature Applicable to that Part of the Philippine Islands Inhabited by Moros or Other Non-Christian Tribes, Act No. 2007 (Phil. 1910)
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