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CA 458 Section 5

Section 5

Sec. 5. The President of the Philippines, in behalf of the Government, shall subscribe to and pay for two thousand shares of the capital stock of the Reserve Bank; the remainder of the capital shall be subscribed from time to time by the President of the Philippines, in behalf of the Government, in such amounts as he may determine as soon as sufficient funds may be available for that purpose and the needs of the business of the Reserve Bank should require it.

Read the full instrument → · Open the chapter this section belongs to: Chapter II.--ESTABLISHMENT AND FUNCTIONS →

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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