Republic Acts1 min read
Section 16Sec./Art. 16
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Prohibition Against Owning Stock in or Incurring Indebtedness to the Veterans Bank. The Secretary of Finance, the Governor of the BSP, all other members of the Monetary Board, and the head of the Auditing Department of the Veterans Bank, except if the said Head of the Auditing Department is a veteran stockholder or heir, are hereby prohibited from owning stock in the Veterans Bank, or from becoming indebted to the Veterans Bank, directly or indirectly.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.