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The General Banking Law of 2000 (R.A. No. 8791)

AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF BANKS, QUASI-BANKS, TRUST ENTITIES AND FOR OTHER PURPOSES

Republic Act No. 8791 | 2000-05-23

REPUBLIC ACT NO. 8791             
May 23, 2000
 
AN ACT PROVIDING FOR THE REGULATION OF THE ORGANIZATION AND OPERATIONS OF BANKS, QUASI-BANKS, TRUST ENTITIES AND FOR OTHER PURPOSES
 
CHAPTER I
TITLE AND CLASSIFICATION OF BANKS
 
Section 1. Title. The short title of this Act shall be "The General Banking Law of 2000." (1a)
 
Section 2. Declaration Of Policy. - The State recognizes the vital role of banks providing an environment conducive to the sustained development of the national economy and the fiduciary nature of banking that requires high standards of integrity and performance....