CA 458 Section 29

Section 29

SEC. 29. Whenever the reserves provided for in the preceeding section shall fall below the required amounts, the Reserve Bank shall not further diminish the amount of such reserves by making any new loans or discounts, or declare any dividents unless and until the total reserves required by law are restored.

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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 ↗

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

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