Republic Acts1 min read
Section 6Sec./Art. 6
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Bank Management. - In order to maintain the quality of bank management and afford better protection to depositors and the public in general the Monetary Board may pass upon and review the qualifications of persons who are elected or appointed bank directors and officers and disqualify those unfit. The Monetary Board shall prescribe the qualifications of bank directors and officers for purposes of this Section.
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.