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CA 458 Section 52

Section 52

SEC. 52. The Secretary of Finance, the Auditor General, and the Governors, officers and employees of the Reserve Bank, shall.not either directly or indirectly, for himself or as the representative or agent of others, borrow money from die Reserve Bank, nor shall become a guarantor, indorser, or surety for loans, discounts or rediscounts from the Reserve Bank to member banks or other persons, corporations or associations, or in any manner be an obligor for moneys borrowed of the Reserve Bank or loaned by it,. The office of those who violate the provisions of this section shall immediately be declared vacant,and the guilty shall be punish-ed^by imprisonment not exceeding five years and by a fine of not more than five thousand pesos.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IV. -- Prohibitions and Penalties →

Other provisions in CHAPTER IV. -- Prohibitions and Penalties

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 458 Section 52 (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).

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