Republic Acts1 min read
Section 8January 2, 1992, Sec./Art. 8
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Transitory Provisions. – Without requiring new capital infusion either from the Government or from outside investigators, the Filipino veterans of World War II who are real owners-stockholders of the Veterans Bank shall cause the said bank to have at least Seven hundred fifty million pesos (P750,000,000.00) in total unimpaired capital accounts prior to reopening pursuant to this Act as a commercial bank.
It is hereby provided that the Board of Trustees of the Veterans of World War II (BTVWW II) created under Republic Act No. 3518 is hereby designated as trustee of all issued but undelivered shares of stock.1awphi1©
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