RA 8799 (The Securities Regulation Code) Section 44

Evidentiary Value of Clearing Agency Record.

Section 44

SEC. 44. Evidentiary Value of Clearing Agency Record. — The official records and book entries of a clearing agency shall constitute the best evidence of such transactions between clearing agency and its participants and members, without prejudice to the right of participants' or members' clients to prove their rights, title and entitlement with respect to the book-entry security holdings of the participants or members held on behalf of the clients. However, the corporation shall not be bound by the foregoing transactions unless the corporate secretary is duly notified in such manner as the Commission may provide.

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Other provisions in CHAPTER XI ACQUISITION AND TRANSFER OF SECURITIES ANDSETTLEMENT OF TRANSACTIONS IN SECURITIES

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 8799 (The Securities Regulation Code) Section 44 (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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