An Act Authorizing Provinces and Municipalities to Purchase and Own Shares of Stock of the Philippine National Bank
Act No. 2954, approved on February 19, 1921, allows provinces, municipalities, and municipal districts in the Philippines to purchase and own shares in the Philippine National Bank. This action requires prior approval from the Secretary of the Interior. The Act is effective immediately upon its approval.
Law Information
- Reference Number
- Act No. 2954
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 19, 1921
ACT NO. 2954
AN ACT AUTHORIZING PROVINCES AND MUNICIPALITIES TO PURCHASE AND OWN SHARES OF STOCK OF THE PHILIPPINE NATIONAL BANK
SECTION 1. The regular and special provinces, municipalities, and municipal districts are hereby authorized to purchase and own shares of stock of the Philippine National Bank, subject to the approval of the Secretary of the Interior.
SECTION 2. This Act shall take effect on its approval.
Approved, February 19, 1921.
Cite This Law
An Act Authorizing Provinces and Municipalities to Purchase and Own Shares of Stock of the Philippine National Bank, Act No. 2954, Feb 19, 1921 (Philippines)
An Act Authorizing Provinces and Municipalities to Purchase and Own Shares of Stock of the Philippine National Bank, Act No. 2954 (Phil. 1921)
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