Prohibition Against the Use of the Word “Veterans”; Penalty for Violation.
Section 26
SEC. 26. Prohibition Against the Use of the Word “Veterans”; Penalty for Violation. – All banks other than the Veterans Bank, and such other banks now licensed to do business in the Philippines whose names already include the word “veterans” are prohibited from using the word “veterans” as a part of their names or titles. Any party violating this provision shall be subject to a fine of not less than Ten thousand pesos (P10,000.00) for each day during which said violation is committed or repeated, which penalty shall be enforced by the Veterans Bank.