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PD 1827 Section 7

PD 1827 Section 7

Section 7

SEC. 7. Section 31 of the same Act is hereby amended to read as follows: "SEC. 31. Disposition of fees and commissions.— All costs and fees earned by the Central Bank in winding up the affairs and administering the assets of any bank or non-bank financial intermediary performing quasi-banking functions within the purview of this Act shall be used to pay the salaries of the clerks and other employees whose employment is rendered necessary in the discharge of the trust, together with other additional expenses caused thereby. The balance of fees and costs earned, after the payment of all expenses, shall be for the account of the Central Bank."

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Other provisions in PD 1827

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

CitationPD 1827 Section 7 (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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