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CA 726 Section 2

Section 2

SEC. 2. Afinancial Rehabilitation Board is hereby created which shall be composed of five members. The President shall nominate and with the consent of the Commission on Appointments shall appoint the members of the Financial Rehabilitation Board shall Manage the fund thereby created and shall invest the same under terms and conditions not inconsistent with purposes of this Act, and shall limit salaries and other expenses paid or incurred by the banks receiving aid from the special fund appropriated in this Act. The Board shall issue such further rules and regulations as it may deem necessary to carry out the purposes of this Act.

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Other provisions in CA 726

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 726 Section 2 (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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