Section 67
SEC. 67. The ordinary business of a trust company shall be transacted at the place of business specified in its articles of incorporation, But any trust company may, with the prior approval of the Monetary Board, establish branches in the Philippines, and the said company shall be responsible for all business conducted in such branches to the same extent and in the same manner as though such business had all been conducted in the head office. For the purposes of this Act, the company and its branches shall be treated as a unit.