My bookmarksSign up free

CA 459 Section 56

Section 56

SEC. 56.. Anyone who, for the purpose of obtaining, renewing, or increasing a loan or the extension of the period thereof in his own or another's behalf, should give out any false information with regard to the identity, situation, production, or value of the security, or with re­gard to a point which would affect the granting or denial of the loan, whether the latter has been consummated or not, and every officer or employee of the Agricultural and Industrial Bank, who, through connivance or negli­gence, should allow by action or omission such false in­formation to pass unnoticed, thereby causing damage to the Bank or exposing the latter to the danger of suf­fering such damage, shall be punished with imprisonment for not less than three months nor more than three years, and a fine not less than the amount of the loan obtained or desired nor more than three times such amount.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER III.—Prohibition and Penalties →

Other provisions in CHAPTER III.—Prohibition 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 459 Section 56 (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).

Continue your research