Republic Acts1 min read
Section 20Sec./Art. 20
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A new section entitled Section 38-A is hereby included in the same Act to read as follows:
"Sec. 38-A. Issuance of Injunctive Belief Against Bangko Sentral Actions. - No court, other than the Court of Appeals and the Supreme Court, shall issue any temporary restraining order, preliminary injunction or preliminary mandatory injunction against the Bangko Sentral for any action under this Act.
"Any restraining order or injunction issued in violation of this section is void and of no force and effect.
"The provisions of the Rules of Court on injunctions insofar as these are applicable and not inconsistent with the provisions of this Act shall govern the issuance and dissolution of restraining orders or injunctions against the Bangko Sentral."
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