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PD 64 Section 1

Section 1

SECTION 1. Subsection (g) of Section two of Republic Act Numbered Thirteen hundred, as amended, is further amended to read as follows: "CORPORATE POWERS" "SEC. 2. Corporate powers and duties. —The said National Bank, upon its organization, shall be a body corporate and shall have power: "(g) To grant long-term loans and advances against security of real estate and/or other acceptable assets for the establishment, rehabilitation or expansion of agricultural, export, industrial and other productive enterprises: Provided, That the aggregate of such loans shall not exceed the sum of the paid-up capital and unimpaired surplus, long-term indebtedness and obligations and thirty per cent of the total deposits: Provided, further, That notarial services in connection with loan application of not more than one thousand pesos shall be free, and in places where the bank has no lawyers, notarial services shall be performed by municipal judges and other government notaries public free of charge;"

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Other provisions in PD 64

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 64 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).

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