Republic Acts1 min read
Section 31Sec./Art. 31
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A new section entitled Section 88-A is hereby included in the same Act to read as follows:
"Sec. 88-A. Exemption of Collaterals from Attachments, Executions and Other Restrictions. - Collaterals on loans and advances granted by the Bangko Sentral, whether or not the interest of the Bangko Sentral is registered, shall not be subject to attachment, execution or any other court process or administrative restrictions on land use, nor shall they be included in the property of insolvent persons or institutions."
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