Intelligent and Profitable Merchandising of Agricultural Products
Act No. 3571, enacted on November 26, 1929, aims to promote the effective merchandising of agricultural products in the Philippines. It authorizes the Philippine National Bank to provide loans and investments to cooperative marketing associations established under the Cooperative Marketing Law. This Act repeals any inconsistent provisions from previous laws. It became effective immediately upon approval.
Law Information
- Reference Number
- Act No. 3571
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 26, 1929
ACT NO. 3571
AN ACT TO STIMULATE AND ENCOURAGE THE INTELLIGENT AND PROFITABLE MERCHANDISING OF AGRICULTURAL PRODUCTS AND FOR OTHER PURPOSES
SECTION 1. To stimulate and encourage the intelligent and profitable merchandising of agricultural products and to assist in carrying out the aims and purposes of Act Numbered Thirty-four hundred and twenty-five, commonly known as "The Cooperative Marketing Law," the Philippine National Bank, through its board of directors, the provisions of Act Numbered Twenty-six hundred and twelve as amended to the contrary notwithstanding, is hereby authorized to loan and invest any part or portion if its capital and surplus as loans to cooperative marketing associations organized under said Act.
SECTION 2. Any act or provision thereof inconsistent with this Act is hereby repealed.
SECTION 3. This Act shall take effect upon its approval.
Approved, November 26, 1929.
Cite This Law
Intelligent and Profitable Merchandising of Agricultural Products, Act No. 3571, Nov 26, 1929 (Philippines)
Intelligent and Profitable Merchandising of Agricultural Products, Act No. 3571 (Phil. 1929)
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