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BP 178 Section 18

Substituted service upon the Commission.

Section 18

SEC. 18. Substituted service upon the Commission. —Whenever service of summons or other process shall be made upon the Commission in actions or legal proceedings against an issuer or any person liable under this Act who is not domiciled in the Philippines or is not formed, organized and existing under the laws of the Philippines, the Commission shall within ten (10) days thereafter, transmit by registered mail a copy of such summons and the complaint or other legal process to such issuer or person at his last known address or principal office. The sending thereof by the Commission, the expenses for which shall be advanced by the party at whose instance it is made, shall complete such service. (10a)

Read the full instrument → · Open the chapter this section belongs to: Chapter II. —Registration of Securities →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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