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Act No. 3969 Section 1

Act No. 3969 Section 1

Section 1

SECTION 1. Paragraph (e) of section three of Act Numbered Twenty-seven hundred and twenty-eight is hereby amended to read as follows: "(e) To organize, establish, create, maintain, and regulate, and whenever it may deem it proper, authorize the creation, under such regulations as it may prescribe, of commercial exchanges and other public places of exchange, and to suspend and abolish the same, as it may see fit; to qualify, approve, authorize, and license for periods not to exceed three years, as exchange agents, merchandise brokers, ship brokers and interpreters and real-estate brokers, and to suspend and revoke said licenses or any of them for cause; and to organize and authorize associations of exchange agents, merchandise brokers, ship brokers and interpreters and real estate brokers, subject to such regulations as it may prescribe, and to consolidate, suspend and dissolve the same."

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Other provisions in Act No. 3969

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. 3969 Section 1 (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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