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CA 499 Section 3

Section 3

Sec. 3. Whoever violates, or attempts or conspires to violate any of the provisions of section two of this Act shall be guilty of an offense and shall be punished by a fine of not more than five thousand pesos or by imprisonment for not more than five years, or by both such fine and imprisonment, in the discretion of the court: Provided, That, if such violation is committed by a corporation the directors approving such action, and the manager, managing director or the person charged with die management of such corporation shall be criminally responsible therefor.

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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 July 4, 2026

CitationCA 499 Section 3 (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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