RA 12010 Section 10

Liability for Improper Holding of Funds.

Section 10

SEC. 10. Liability for Improper Holding of Funds. - Without prejudice to liabilities under existing laws, an Institution that holds funds subject of a disputed transaction beyond the allowable period, or improperly holds funds, as provided in this Act and relevant BSP rules and regulations, shall be subjected to administrative action under Republic Act No. 7653, otherwise known as "The New Central Bank Act", as amended.

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Other provisions in RA 12010

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 12010 Section 10 (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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