An Act Declaring Sections Eighty-Five and One Hundred and Ninety-Four of Act Numbered Two Thousand and Thirty-One, Entitled "The Negotiable Instruments Law," in Full Force and Effect and Repealing Inconsistent Provisions of Law
Act No. 2337, enacted on February 27, 1914, affirms the full force and effect of Sections 85 and 194 of the Negotiable Instruments Law (Act No. 2031). It repeals any inconsistent provisions from previous laws, specifically addressing the maturity of negotiable instruments on public holidays. Additionally, all actions taken in accordance with these sections since their enactment are validated. The Act is effective immediately upon its passage.
Law Information
- Reference Number
- Act No. 2337
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 27, 1914
ACT NO. 2337
AN ACT DECLARING SECTIONS EIGHTY-FIVE AND ONE HUNDRED AND NINETY-FOUR OF ACT NUMBERED TWO THOUSAND AND THIRTY-ONE, ENTITLED "THE NEGOTIABLE INSTRUMENTS LAW," IN FULL FORCE AND EFFECT AND REPEALING INCONSISTENT PROVISIONS OF LAW
SECTION 1. Sections eighty-five and one hundred and ninety-four of Act Numbered Two thousand and thirty-one entitled "The Negotiable Instruments Law," are hereby declared to be in full force and effect and so much of Act Numbered Twenty-one hundred and sixty as provides when negotiable instruments falling due or maturing on any public holiday shall be deemed to have matured, and all Acts or parts of Acts inconsistent with said sections eighty-five and one hundred and ninety-four of Act Numbered Two thousand and thirty-one, are hereby repealed.
SECTION 2. All acts heretofore done in accordance with the provisions of sections eighty-five and one hundred and ninety-four of Act Numbered Two thousand and thirty-one since the said Act took effect are hereby declared valid and effective.
SECTION 3. This Act shall take effect on its passage.
ENACTED, February 27, 1914.
Cite This Law
An Act Declaring Sections Eighty-Five and One Hundred and Ninety-Four of Act Numbered Two Thousand and Thirty-One, Entitled "The Negotiable Instruments Law," in Full Force and Effect and Repealing Inconsistent Provisions of Law, Act No. 2337, Feb 27, 1914 (Philippines)
An Act Declaring Sections Eighty-Five and One Hundred and Ninety-Four of Act Numbered Two Thousand and Thirty-One, Entitled "The Negotiable Instruments Law," in Full Force and Effect and Repealing Inconsistent Provisions of Law, Act No. 2337 (Phil. 1914)
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