Amendment on Loan Security Requirements

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Act No. 3392: Amendment on Loan Security Requirements

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Title Supreme Court: Amendment on Loan Security Requirements

Law: Act No. 3392

Decision Date: Dec 5, 1927

An amendment to a Philippine law introduces requirements for loans made by corporations, including proper documentation, security through real estate and pledged shares of stock, with exceptions for loans secured by free shares, and establishes the validity and priority of legal encumbrance or conveyance of real estate with a registered title.

amendment

loan requirements

corporations

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