Bank Insolvency and Liquidation Act of 1902

Ask AI

Act No. 556: Bank Insolvency and Liquidation Act of 1902

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Bank Insolvency and Liquidation Act of 1902

Law: Act No. 556

Decision Date: Dec 9, 1902

An amendment to Act Numbered Fifty-two, the Philippine Law, Act No. 556, allows for the closure and liquidation of insolvent banks in the Philippine Islands, with the Treasurer taking charge of the bank's assets and initiating necessary actions under the supervision of the court.

bank insolvency

bank closure

amendment

END