Amendments to the General Banking Act

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PRESIDENTIAL DECREE NO. 1317: Amendments to the General Banking Act

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Title Source: Supreme Court: Amendments to the General Banking Act

Law: Presidential Decree No. 1317

Decision Date: Mar 29, 1978

Presidential Decree No. 1828 amends the General Banking Act to strengthen the regulatory authority of the Central Bank over the financial system in the Philippines, including granting the Monetary Board the power to determine banking functions, allowing exemptions for voting stockholdings, and setting limits for loans against real estate security.

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