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CA 458 Section 35

Section 35

SEC. 35. The reverse Bank is authorized to purchase and own such real estate as may be necessary for the purpose of carrying on its business. The total investment in such real estate and improvements thereon shall not exceed twenty-fie per centum of the paid-up capital stock and surplus of the Reverse Bank.

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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