Section 27Sec./Art. 27

Section 97 of the NIRC, as amended, is hereby further amended to read as follows:

"Sec. 97. Payment of Tax Antecedent to the Transfer of Shares, Bonds or Rights - x x x.

"If a bank has knowledge of the death of a person, who maintained a bank deposit account alone, or jointly with another, it shall allow any withdrawal from the said deposit account, subject to a final withholding tax of six percent (6%). For this purpose, all withdrawal slips shall contain a statement to the effect that all of the joint depositors are still living at the time of withdrawal by any one of the joint depositors and such statement shall be under oath by the said depositors."