Section 15
SEC. 15. No foreign building and loan association or building and loan association not formed, organized or existing under the laws of the Philippines shall be permitted to transact business in the Philippines.
SEC. 15. No foreign building and loan association or building and loan association not formed, organized or existing under the laws of the Philippines shall be permitted to transact business in the Philippines.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).