PD 71 Section 26

Section 26

SEC. 26. Section sixty-nine of the same Act is hereby amended to read as follows: "SEC. 69. After one year from the effectivity of this Act, Philippine branches of foreign banks shall be subject to the provisions of Sections twenty-two and thirty of this Act. "In order to provide effective protection of the interests of the depositors and other creditors of Philippine branches of foreign banks, the head office of such brunches shall fully guarantee the prompt payment of all liabilities of its Philippine branch."

Read the full instrument →

Other provisions in PD 71

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 71 Section 26 (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).

Continue your research

PD 71, full textThe complete text of this law, so you can read this section in contextPhilippines legislation Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year Philippines: what this database coversWhich datasets are here, which official source they come from, and how current they arePhilippines overview