Section 1
SECTION 1. The regular and special provinces, municipalities, and municipal districts are hereby authorized to purchase and own shares of stock of the Philippine National Bank, subject to the approval of the Secretary of the Interior.
Act No. 2954 — An Act Authorizing Provinces and Municipalities to Purchase and Own Shares of Stock of the Philippine National Bank.
Act No. 2954 — An Act Authorizing Provinces and Municipalities to Purchase and Own Shares of Stock of the Philippine National Bank.
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 2
SEC. 2. This Act shall take effect on its approval. Approved, February 19, 1921.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
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