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RA 1300 Section 19

RA 1300 Section 19

Right to purchase, hold and dispose real estate.

Section 19

SEC. 19. Right to purchase, hold and dispose real estate.—The National Bank is hereby authorized to purchase and own such real estate as may be necessary for the purpose of carrying on its business. It is also authorized to hold such real estate as it may find necessary to acquire in the collection of debts due to the said Bank or to its branches; but real estate acquired in the collection of debts shall be sold by said Bank within five years after the date of its acquisition. REDEMPTION OF MORTGAGED PROPERTY

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Other provisions in RA 1300

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 1300 Section 19 (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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