An Act to Amend Act Numbered Fifty-Two, Entitled "An Act Providing for Examinations of Banking Institutions in the Philippine Islands, and for Reports by their Officers," As Amended by Act Numbered Eight Hundred and Thirty-Nine, by Providing for the Examination of Banks Every Twelve Months and for Other Purposes
Act No. 2082, enacted on November 29, 1911, amends previous legislation regarding the examination of banking institutions in the Philippines. It mandates that the Insular Treasurer, or an authorized deputy, must examine the books, cash, and general condition of each bank at least once every twelve months. This examination aims to ensure the proper functioning and financial health of banks operating within the islands. The findings from these examinations are to be reported to the Governor-General and the Secretary of War.
Law Information
- Reference Number
- Act No. 2082
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 29, 1911
ACT NO. 2082
AN ACT TO AMEND ACT NUMBERED FIFTY-TWO, ENTITLED "AN ACT PROVIDING FOR EXAMINATIONS OF BANKING INSTITUTIONS IN THE PHILIPPINE ISLANDS, AND FOR REPORTS BY THEIR OFFICERS," AS AMENDED BY ACT NUMBERED EIGHT HUNDRED AND THIRTY-NINE, BY PROVIDING FOR THE EXAMINATION OF BANKS EVERY TWELVE MONTHS AND FOR OTHER PURPOSES
SECTION 1. Section three of Act Numbered Fifty-two entitled "An Act providing for examinations of banking institutions in the Philippine Islands, and for reports by their officers," as amended by Act Numbered Eight hundred and thirty-nine, is hereby amended to read as follows:
"SEC. 3. It shall be the duty of the Insular Treasurer, personally, or by a deputy authorized by him, at least once in every twelve months, and at such other times as he may deem expedient, to make an examination of the books of every such bank, of its cash and available assets in the Philippine Islands, and of its general condition and method of doing business, and to make report of the same to the Governor-General and to the Secretary of War."
ENACTED, November 29, 1911.
Cite This Law
An Act to Amend Act Numbered Fifty-Two, Entitled "An Act Providing for Examinations of Banking Institutions in the Philippine Islands, and for Reports by their Officers," As Amended by Act Numbered Eight Hundred and Thirty-Nine, by Providing for the Examination of Banks Every Twelve Months and for Other Purposes, Act No. 2082, Nov 29, 1911 (Philippines)
An Act to Amend Act Numbered Fifty-Two, Entitled "An Act Providing for Examinations of Banking Institutions in the Philippine Islands, and for Reports by their Officers," As Amended by Act Numbered Eight Hundred and Thirty-Nine, by Providing for the Examination of Banks Every Twelve Months and for Other Purposes, Act No. 2082 (Phil. 1911)
Related Laws
- An Act to Amend Act Numbered Fifty-Two, Entitled "An Act Providing for Examinations of Banking Institutions in the Philippine Islands, and for Reports by their Officers"Act No. 839 • Aug 24, 1903 • Statutes
- An Act Making Applicable to that Part of the Philippine Islands Inhabited by Moros or Other Non-Christian Tribes, Acts of the Philippine Legislature Numbered Two Thousand and Eighty-Two and Two Thousand and Eighty-FiveAct No. 2087 • Dec 21, 1911 • Statutes
- An Act to Amend Act Numbered Fifty-Two, by Providing for the Closing of Banks in Case of Their Insolvency, or When, in the Opinion of the Civil Governor, Their Continuance in Business May Involve Loss to Their DepositorsAct No. 556 • Dec 9, 1902 • Statutes
- An Act to Amend Section Forty-Five of Act Numbered Two Thousand Six Hundred and Twelve, Entitled "An Act Creating the Philippine National Bank," As Amended by Act Numbered Two Thousand Nine Hundred and Thirty-EightCommonwealth Act No. 318 • Jun 9, 1938 • Statutes
- An Act Amending Act Numbered Twelve Hundred and Fifty-NineAct No. 1320 • Apr 12, 1905 • Statutes
- An Act to Amend Section Sixty-Two of Commonwealth Act Numbered Fifty-Seven as Amended by Commonwealth Act Numbered One Hundred Fifty-EightCommonwealth Act No. 426 • May 31, 1939 • Statutes
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