Legal character.
Section 63
SEC. 63. Legal character.—Checks representing deposit money do not have legal tender power and their acceptance in the payment of debts, both public and private, is at the option of the creditor.
RA 265 Section 63
Other provisions in CHAPTER II.—THE CENTRAL BANK AND THE MEANS OF PAYMENT
- Section 53: Liability for notes and coins.
- Section 54: Legal tender power.
- Section 55: Characteristics of the currency.
- Section 56: Printing of notes and minting of coins.
- Section 57: Inter convertibility of currency.
- Section 58: Replacement of currency unfit for circulation.
- Section 59: Retirement of old notes and coins.
- Section 60: Profits from recoinage or from reductions in the Bank's currency liabilities.
- Section 61: Definition.
- Section 62: Issue of deposit money.
CitationRA 265 Section 63 (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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