Amendment of Philippine National Bank Act

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Act no. 2747: Amendment of Philippine National Bank Act

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Title Source: Supreme Court: Amendment of Philippine National Bank Act

Law: Act No. 2747

Decision Date: Feb 20, 1918

Act No. 2747 amends Act No. 2612 to establish the Philippine National Bank as a government-owned entity with the power to make contracts, sue and be sued, and exercise general powers mentioned in the Corporation Law, while also providing regulations for its operation, including the purchase of shares by the government, restrictions on share sales to the public, and the bank's authority to make loans, issue bonds, and establish branches.

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