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RA 8791 Section 75

RA 8791 Section 75

Head- Office Guarantee.

Section 75

SEC. 75. Head- Office Guarantee . – In order to provide effective protection of the interests of the depositors and other creditor of Philippine branches of a foreign bank, the head office of such branches shall fully guarantee the prompt payment of all liabilities of its Philippine branch. (69) Residents and citizens of the Philippines who are creditors of a branch in the Philippines of a foreign bank shall have preferential, rights to the assets of such branch in accordance with existing laws.

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Other provisions in CHAPTER VI

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 8791 Section 75 (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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