SEC. 2. Section 12-B of the same Act is hereby amended by adding a new paragraph after the second paragraph thereof to read as follows:
“The Monetary Board may, however, exempt voting stockholdings of corporations from the application of the above prescribed ceilings, in exceptional cases and when the circumstances warrant, such as but not limited to, purchases in the equity of distressed banks for purposes of rehabilitation.”
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 1828 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).
