Key Provisions Enforced
- Sections 85 and 194 of Act No. 2031 (The Negotiable Instruments Law) are specifically declared valid and effective.
- These sections primarily cover the treatment of negotiable instruments' maturity dates and related rules.
Repeal of Inconsistent Laws
- Partial repeal of Act No. 2160 concerning the maturity of negotiable instruments on public holidays to avoid conflict with Sections 85 and 194.
- Any other laws or parts thereof inconsistent with these sections are expressly repealed.
Validation of Past Actions
- All previous actions performed under the provisions of Sections 85 and 194 since the law's effectivity are confirmed as valid and binding.
Effectivity Clause
- The Act became effective immediately upon its passage on February 27, 1914.