Republic Acts1 min read
Section 49January 26, 1990, Sec./Art. 49
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Reorganization of the Bank. - The Islamic Bank shall commence its reorganization within six (6) months from the date this Act takes effect. The present personnel complement of the Philippine Amanah Bank shall in the interim continue to discharge their respective functions. Officials and personnel whose services may be dispensed with as a result of this reorganization shall be paid the usual gratuities to which they may be entitled under the existing laws.
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