CA 7 Section 1

Section 1

SECTION 1. There is hereby created a National Loan and Investment Board to consist of five members, who shall be appointed by the President of the Philippines, with the consent of the Commission on Appointments of the National Assembly, and shall hold office for a term of three years. The members of the Board shall elect from among themselves a chairman and a vice-chairman. They shall devote to the business of the Board such time and shall receive such compensation as may be fixed by the President of the Philippines from time to time.

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Other provisions in CA 7

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 7 Section 1 (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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