Repeal of Act No. 3318
Act No. 3365, approved on December 3, 1927, repeals Act No. 3318, which previously governed the registration and revocation of contracts of agency. The repeal validates all civil or commercial agency contracts and actions taken under them that would have been valid prior to the enactment of Act No. 3318. However, it ensures that any acquired rights under the repealed Act are not impaired. This law takes effect immediately upon its approval.
Law Information
- Reference Number
- Act No. 3365
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 3, 1927
ACT NO. 3365
AN ACT TO REPEAL ACT NUMBERED THREE THOUSAND THREE HUNDRED AND EIGHTEEN PROVIDING FOR THE REGISTRATION OF CONTRACTS OF AGENCY AND THEIR REVOCATION, AND FOR OTHER PURPOSES
SECTION 1. Act Numbered Three thousand three hundred and eighteen providing for the registration of contracts of agency and their revocation and for other purposes, is hereby repealed.
SECTION 2. Every contract of civil or commercial agency and every act performed pursuant thereto, or obligation created or undertaken thereby or thereunder which, but for the provisions of Act Numbered Three thousand three hundred and eighteen would have been valid and subsisting under and by virtue of the provisions of law existing prior to the enactment of said Act Numbered Three thousand three hundred and eighteen, are hereby ratified, confirmed, and validated to the same extent as if said Act Numbered Three thousand three hundred and eighteen had not been enacted: Provided, however, That nothing in this Act shall be construed to impair acquired rights under said Act Numbered Thirty-three hundred and eighteen by any person, company or corporation.
SECTION 3. This Act shall take effect on its approval.
Approved, December 3, 1927.
Cite This Law
Repeal of Act No. 3318, Act No. 3365, Dec 3, 1927 (Philippines)
Repeal of Act No. 3318, Act No. 3365 (Phil. 1927)
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