Board of Directors.
Section 7
Sec. 7. Board of Directors. - Non-Filipino citizens maybe come members of the Board of Directors of a bank to the extent of the foreign participation in the equity of said bank.
RA 7721 Section 7
Other provisions in RA 7721
- Section 2: Modes of Entry.
- Section 3: Guidelines for Approval.
- Section 4: Capital Requirements.
- Section 5: Head Office Guarantee.
- Section 6: Entrants under Section 2(iii).
- Section 8: Equal Treatment.
- Section 9: Development Loans Incentives.
- Section 10: Transitory Provisions.
- Section 11: Separability Clause.
- Section 12: Applicability of Other Banking Laws.
CitationRA 7721 Section 7 (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).
Continue your research
RA 7721, full textThe complete text of this law, so you can read this section in contextPhilippines legislationPhilippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearPhilippines: what this database coversWhich datasets are here, which official source they come from, and how current they arePhilippines overview