PD 612 (The Insurance Code) Section 260

Section 260

SEC. 260. No director, officer, or stockholder of any such constituent companies shall receive any fee, commission, compensation, or other valuable consideration whatsoever directly or indirectly, for in any manner aiding, promoting or assisting in such merger or consolidation.

Read the full instrument → · Open the chapter this section belongs to: TITLE 16. — Consolidation and Merger of Insurance Companies →

Other provisions in TITLE 16. — Consolidation and Merger of Insurance Companies

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 612 (The Insurance Code) Section 260 (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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