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CA 727 Section 6

CA 727 Section 6

Section 6

SEC. 6. All remaining balances of deposits made with banks or other institutions of credit including mortgage banks, savings banks, commercial banks and trust companies, or with private individuals, prior to the Japanese invasion, shall be valid and collectible in legal tender currency after the liberation of the Philippines but shall earn no interest during the period of Japanese invasion; but all remaining balances of deposits made in Japanese Military notes or in checks or other credit instruments drawn against or arising from deposits made in Japanese Military notes with said institutions or private individuals during the period of Japanese invasion, are hereby declared non-collectible: Provided, however, That for the purpose of determining the balance of valid deposit of any depositor in a bank, all deposit accounts in the same institution of such depositor in the same bank, inclusive of head office, branches, and agencies in the Philippines, shall be consolidated and treated as only one account.

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Other provisions in CA 727

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 727 Section 6 (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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