Amendment to Section 1966 of the Administrative Code
Commonwealth Act No. 269, enacted on June 2, 1938, amends Section 1966 of the Administrative Code regarding telegraphic transfers of funds in the Philippines. It allows for the telegraphic transfer of funds between locations with telegraphic offices managed by the Bureau of Posts, setting a daily maximum transfer limit of two thousand pesos per remitter. The Director of Posts can authorize specific telegraph offices to increase this limit to five thousand pesos based on business needs, with provisions for higher amounts through special authorization. The Act became effective upon its approval.
Law Information
- Reference Number
- Commonwealth Act No. 269
- Date Enacted
- Category
- Statutes
- Subcategory
- Commonwealth Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 2, 1938
COMMONWEALTH ACT NO. 269
AN ACT TO AMEND SECTION NINETEEN HUNDRED AND SIXTY-SIX OF THE ADMINISTRATIVE CODE
SECTION 1. Section nineteen hundred and sixty-six of the Administrative Code is amended so as to read as follows:
"SEC. 1966. Telegraphic transfers. — Provision may likewise be made, for the convenience of the public, for the telegraphic transfer of funds between places in the Philippines having telegraphic offices conducted by the Bureau of Posts. The maximum amount which may be thus transferred upon any one day by one remitter and payable, directly or indirectly, to the same person, corporation, or firm, shall be two thousand pesos.
"The Director of Posts may authorize certain telegraph offices a regular maximum of five thousand pesos if the business transactions so warrant: Provided, however, That greater amounts may be remitted by telegraphic transfers upon specific authority by the Director of Posts."
SECTION 2. This Act shall take effect upon its approval.
Approved, June 2, 1938.
Cite This Law
Amendment to Section 1966 of the Administrative Code, Commonwealth Act No. 269, Jun 2, 1938 (Philippines)
Amendment to Section 1966 of the Administrative Code, Commonwealth Act No. 269 (Phil. 1938)
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