Act No. 1506 — An Act Amending Sections Sixty-Eight and Seventy of Act Numbered Fourteen Hundred and Fifty-Nine. "The Corporation Law," in Such Manner as to Make It More Feasible for Foreign Corporations to Comply with the Provisions of Said Act.
Data as of July 4, 2026 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
SECTION 1. Section sixty-eight of Act Numbered Fourteen hundred and fifty-nine, "The Corporation Law,"' is hereby amended by striking out therefrom the words "within sixty days of the date of presenting the statement" and inserting in lieu thereof the words "within a number of days to be fixed by the Secretary of Finance and Justice, or the Secretory of Commerce and Police, as the case may be, prior to the date of presenting the statement."
SEC. 2. Section seventy of said Act is hereby amended by striking out the words "six months' and inserting in lieu thereof the words "ten months."
SEC. 3. The public good requiring the speedy enactment of this bill, the passage of the same is hereby expedited in accordance with section two of "An Act prescribing the order of procedure by the Commission in the enactment of laws." passed September twenty-sixth, nineteen hundred.
SEC. 4. This Act shall take effect on its passage. Enacted, June 29, 1906.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).