SECTION 1. In order to strengthen the capital base of rural
banks and expand their capacity to meet the credit needs of their
respective areas in the countryside, especially those covered by the
agrarian reform program, their present government and private
capitalizations shall be increased to such amounts, in such proportion,
and within such periods as the Central Bank of the Philippines shall
determine.
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 447 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).
