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Act No. 2612 Section 50

Act No. 2612 Section 50

Section 50

SEC. 50. For a period of six months from and after the enactment of this Act, the president, with the approval of the board of directors of the National Bank, may, with the prior approval of the proper head of Department in which such official or employee is employed, require the services of any official or employee of the Insular or provincial governments for the purpose of assisting in the organization of the National Bank: Provided, however, That the National Bank shall reimburse to the Bureau or Office concerned the amount of the salary, including the proportionate part of accrued leave, of such officer or employee: And provided further, That the detail of an officer or employee as herein contemplated shall in no case be for a period longer than six months.

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Other provisions in Act No. 2612

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. 2612 Section 50 (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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