SEC. 11. No owner, partner, director or officer of a rural bank shall borrow money directly or indirectly from it. The penalty for violation of this section shall be imprisonment for not less than three months nor more than one year, or a fine of not less than five hundred pesos nor more than one thousand pesos, or both such imprisonment and fine in the discretion of the court.
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. 3896 Section 11 (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).
