RA 11597 (Philippine Veterans Bank Act) Section 18

Section 18

SEC. 18. Authority to Purchase and Own Such Real Estate as May Be Necessary for the Purpose of Carrying on its Business. – The Veterans Bank is hereby authorized to hold such real estate as it may find necessary to acquire in the collection of debts due to the Veterans Bank or to its branches: Provided, That the real estate acquired in the collection of debts shall be sold by the Veterans Bank within five (5) years after the date of its acquisition.

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Other provisions in RA 11597 (Philippine Veterans Bank Act)

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

CitationRA 11597 (Philippine Veterans Bank Act) Section 18 (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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