Act No. 1459 Section 131

Section 131

SEC. 131. Any corporation formed or organized for the purpose of acting as trustee or administering any trust or holding property in trust or on deposit for the use, benefit, or behalf of others shall be known as a trust corporation.

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Other provisions in CHAPTER II.—Special provisions.

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CitationAct No. 1459 Section 131 (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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