RA 11232 Section 65

Interest on Unpaid Subscriptions.

Section 65

SEC. 65. Interest on Unpaid Subscriptions. - Subscribers to stocks shall be liable to the corporation for interest on all unpaid subscriptions from the date of subscription, if so required by and at the rate of interest fixed in the subscription contract. If no rate of interest is fixed in the subscription contract, the prevailing legal rate shall apply.

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CitationRA 11232 Section 65 (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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