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CA 672 Section 3

Section 3

SEC. 3. Deposit balances of the Commonwealth Government, cities, provinces and municipalities with the Bank outstanding prior to its reopening under this Act, together with fifteen million pesos of the additional credit to the current account of the National Treasury from the net free working funds of the Banking Division as provided in section two hereof, shall be blocked upon the resumption of the Bank's business operations and shall be held available only in pursuance of the provisions of this Act.

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Other provisions in CA 672

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 672 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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