CA 458 Section 11

Section 11

SEC. 11. Any member bank which, after due demand has failed to deposit in the Reserve Bank the reserves to which the two next preceding sections refer, shall be subject to suspension as a member bank and shall thereby lose all its rights and privileges as such, besides being subject to the penalties provided by law for failure to maintain the required legal reserves.

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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 2026-07-04

CitationCA 458 Section 11 (LawPlayer, data as of 2026-07-04)

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

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