Further Amending General Order No. 12, as Amended
General Order No. 26, issued on March 31, 1973, amends previous regulations to address financial crimes against banks in the Philippines. Recognizing the significant economic impact of swindling, forgery, and falsification of commercial papers, the order mandates that such offenses, when involving banks as victims, will be tried in military tribunals rather than civil courts. This change aims to prevent offenders from easily posting bail and continuing their illegal activities during trial. The order underscores the importance of safeguarding the banking sector to protect the national economy.
Law Information
- Reference Number
- General Order No. 26
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- General Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 31, 1973
GENERAL ORDER NO. 26
FURTHER AMENDING GENERAL ORDER NO. 12, AS AMENDED
WHEREAS, banks and the banking community play a major role in the economy of the country; CAacTH
WHEREAS, it has been established that banks in the country have suffered considerable financial losses due to acts of swindling by various means which if not prevented, will adversely affect the banking industry and ultimately, the national economy;
WHEREAS, under existing laws, crimes against banks such as swindling, forgery and falsification of commercial papers are triable only by civil courts where the offenders are easily able to post bail giving freedom to continue their nefarious activities during the trial of their cases.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972 and General Order No. 1, dated September 22, 1972, as amended, do hereby order and decree that General Order No. 12, dated September 30, 1972, as amended, is hereby further amended to include the following among the cases to be tried and decided by military tribunals authorized to be constituted under General Order No. 8, dated September 27, 1972, exclusive of the civil courts:
"22. Those involving crimes against public interest, as defined and penalized under the Revised Penal Code, when a bank is an offended party, such as swindling forgery and falsification of commercial papers."
DONE in the City of Manila, this 31st day of March, in the year of Our Lord, nineteen hundred and seventy-three.
Cite This Law
Further Amending General Order No. 12, as Amended, General Order No. 26, Mar 31, 1973 (Philippines)
Further Amending General Order No. 12, as Amended, General Order No. 26 (Phil. 1973)
Related Laws
- Further Amending General Order No. 12, as AmendedGeneral Order No. 31 • Jun 29, 1973 • Presidential Issuances
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- Further Amending General Order No. 12 Dated September 30, 1972, As AmendedGeneral Order No. 21 • Jan 16, 1973 • Presidential Issuances
- Amending General Order No. 12 Dated September 30, 1972, as AmendedGeneral Order No. 28 • Apr 10, 1973 • Presidential Issuances
- Amending General Order No. 12, Dated September 30, 1972, by Further Defining the Jurisdiction of Military TribunalsGeneral Order No. 12-B • Nov 7, 1972 • Presidential Issuances
- Amending Further Section 1 of General Order No. 60, as Amended, and for Other PurposesGeneral Order No. 65 • Feb 17, 1980 • Presidential Issuances
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