Section 31Sec./Art. 31

Repealing Clause. Republic Act No. 3518, as amended, is hereby repealed. The provisions of Republic Act No. 7169 and the existing Articles of Incorporation of the Veterans Bank approved by the BSP and the SEC which are inconsistent with any provisions of this Act are hereby repealed or modified accordingly: Provided, That insofar as not inconsistent with this Act, the operations and changes in the capital structure of the Veterans Bank, the upgrade or downgrade of its license, and change of its principal office address as well as other amendments to its Articles of Incorporation and Bylaws, shall be in accordance with Republic Act No. 11232, Republic Act No. 8791, and other related laws.

The provisions of the existing bylaws of the Veterans Bank approved by the BSP and the SEC which are inconsistent with any of the provisions of this Act are hereby repealed or modified accordingly. All laws, acts, executive orders, administrative orders, proclamations, rules and regulations or parts thereof inconsistent with any of the provisions of this Act are hereby repealed or modified accordingly.