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RA 7907 Section 6

RA 7907 Section 6

Section 6

SEC. 6. Section 86-A of the same Act relating to the powers and responsibilities of the Board is hereby amended by, adding subsection 6 which reads as follows: "6. To compromise or release, in whole or in part, any claim or liability whatsoever for or against the bank, including interest, penalties, fees and/or other charges, under such terms and conditions as the board may find acceptable and practicable subject to their best business judgement and to the best interest of the corporation in accord with standard banking practices."

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Other provisions in RA 7907

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 7907 Section 6 (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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