BP 337 Section 40

Statement of Assets.

Section 40

SEC. 40. Statement of Assets.—Before assuming office, an official or employee of a local government unit shall file in the-office of its chief official a sworn statement of assets, liabilities and property holdings.

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Other provisions in Chapter 6.—Requirements and Prohibitions Applicable to all Local Officials and Employees

Section 41: Officials not to Engage in Business Transactions or Possess Pecuniary Interest.

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

CitationBP 337 Section 40 (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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