My bookmarksSign up free

CA 394 Section 4

Section 4

SEC. 4. Section two thousand and seven of the Administrative Code is amended so as to read as follows: "SEC. 2007. Who may open accounts.—Any person over seven years of age and not suffering under legal disability other than minority, may have one personal savings ac­count, provided no parental or guardianship account is open in the same person's name, but no such account may be opened or maintained in the names of two or more persons jointly, or in the name of any commercial firm or corporation. Personal accounts shall remain in the exclusive control of their owners regardless of the minority or marriage relations of the latter."

Read the full instrument →

Other provisions in CA 394

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

CitationCA 394 Section 4 (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).

Continue your research