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Act No. 1189 Section 115

Act No. 1189 Section 115

Section 115

SEC. 115. In default of the returns provided in the preceding. section the amount of the circulation, deposits, and capital, as aforesaid, shall be estimated by the Collector of Internal Revenue upon the best information which he can obtain; and for each such refusal or neglect to make such return and payment any such bank, association, corporation, company, or person so in default shall forfeit and pay the sum of four hundred pesos.

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Other provisions in Act No. 1189

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 1189 Section 115 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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