Republic ActNational

RA 1403 - An Act to Amend Section Thirteen of Republic Act Numbered Seven Hundred and Twenty, Entitled “An Act Providing for the Creation, Organization and Operation of Rural Banks, and for Other Purposes”

September 9, 1955Business & Trade

Republic Act No. 1403

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Section thirteen of Republic Act Numbered Seven hundred and twenty is hereby amended by adding a new paragraph thereof, to read as follows:

"In normal times, the Central Bank may rediscount against paper evidencing a loan granted by a rural bank to any of its customers which can be liquefied within a period of two hundred and seventy days."

Section 2

This Act shall take effect upon its approval.

Approved: September 9, 1955.

Cite this

RA 1403 - An Act to Amend Section Thirteen of Republic Act Numbered Seven Hundred and Twenty, Entitled “An Act Providing for the Creation, Organization and Operation of Rural Banks, and for Other Purposes”. BatasPH. Approved September 9, 1955. https://batasph.thirdygayares.com/republic-acts/republic-act-no-1403

Related laws

Republic ActNational

RA 12308 - An Act Enhancing Animal Industry Development and Competitiveness, Strengthening the Bureau of Animal Industry, and Creating for the Purpose the Animal Competitiveness Enhancement Fund

Sep 25, 2025Business & Trade

Republic ActNational

RA 12306 - An Act Granting the Pampanga Rural Electric Service Cooperative (PRESCO), Inc. a Franchise to Construct, Install, Establish, Operate. Own, Manage and Maintain a Distribution System for the Conveyance of Electric Power to the End-users in Thirty-four (34) Barangays in the Municipalities of Mexico. Arayat, Sta. Ana, and Magalang, Province of Pampanga

Sep 18, 2025Business & Trade

Republic ActNational

RA 12303 - An Act Granting Benguet Electric Cooperative (BENECO) a Franchise to Construct, Install, Establish, Operate, Own, Manage and Maintain a Distribution System for the Conveyance of Electric Power to the End-users in the Municipalities of Atok, Bakun, Bokod, Buguias, Itogon, Kabayan, Kapangan, Kibungan, La Trinidad, Mankayan, Sablan, Tuba, and Tublay, Province of Benguet: and in Baguio City

Sep 12, 2025Business & Trade

Republic ActNational

RA 12302 - An Act Granting the Aklan Electric Cooperative (AKELCO), Inc. a Franchise to Construct, Install, Establish, Operate, Own, Manage and Maintain a Distribution System for the Conveyance of Electric Power to the End-users in the Seventeen (17) Municipalities of the Province of Aklan; the Municipalities of Pandan and Libertad of the Province of Antique; and in Barangay Damayan, Municipality of Sapian, Province of Capiz

Sep 12, 2025Business & Trade

Republic ActNational

RA 12278 - An Act Granting a Franchise to First Lagna Electric Cooperative, Inc. (FLECO) to Construct, Install, Establish, Operate, Own, Manage and Maintain Distribution Systems for the Conveyance of Electric Power to the End-users in the Municipalities of Cavinti, Pagsanjan, Lumban, Kalayaan, Paete, Pakil, Pangil, Siniloan, Famy, Mabitac, and Sta. Maria, Province of Laguna

Sep 7, 2025Business & Trade

Republic ActNational

RA 12215 - An Act Regulating the Practice of the Agriculture Profession in the Philippines, Creating for the Purpose a Professional Regulatory Board for Agriculturists, and Appropriating Funds Therefor

May 29, 2025Business & Trade