An Act Creating a Government Agricultural Bank… Section 10
An Act Creating a Government Agricultural Bank… Section 10
Section 10
SEC. 10. The bank may make loans only for the payment or satisfaction of incumbrances on agricultural lands for the construction of drainage and irrigation works, and for the purchase of fertilizers, agricultural seeds, machinery, implements, and animals, to be used exclusively by the borrower for agricultural purposes,, and no loan shall be made by said bank to any person or corporation not engaged in agricultural pursuits.
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
CitationAn Act Creating a Government Agricultural Bank… Section 10 (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).
