Exemption of PPSB Dormant Accounts from Escheat

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EXECUTIVE ORDER NO. 268: Exemption of PPSB Dormant Accounts from Escheat

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Title Supreme Court: Exemption of PPSB Dormant Accounts from Escheat

Law: Executive Order No. 268

Decision Date: Jul 25, 1987

President Corazon C. Aquino issues Executive Order No. 268, exempting dormant accounts of the Philippine Postal Savings Bank from escheat proceedings and introducing alternative procedures for the withdrawal of outstanding balances, ultimately benefiting the Philippine National Bank as trustee of the assets.

exempting

dormant accounts

escheat proceedings

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