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UNITED STATES SUPREME COURT JURISPRUDENCE
 

 
PHILIPPINE SUPREME COURT JURISPRUDENCE
 

   
REPUBLIC ACT NOS. 10501 - 10600                  

  • Republic Act No. 10501 - AN ACT ESTABLISHING A NATIONAL HIGH SCHOOL IN BARANGAY SAN SEBASTIAN, MUNICIPALITY OF TABINA, PROVINCE OF ZAMBOANGA DEL SUR TO BE KNOWN AS TABINA NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10502 - AN ACT SEPARATING THE TUKURAN TECHNICAL VOCATIONAL HIGH SCHOOL TAGULO ANNEX IN BARANGAY TAGULO, MUNICIPALITY OF TUKURAN, PROVINCE OF ZAMBOANGA DEL SUR FROM THE TUKURAN TECHNICAL VOCATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS POTENCIANO SOLON BANDOLON MEMORIAL NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10503 - AN ACT SEPARATING THE BURGOS NATIONAL HIGH SCHOOL UPPER TUMAPOC ANNEX IN BARANGAY UPPER TUMAPOC, MUNICIPALITY OF BURGOS, PROVINCE OF LA UNION FROM THE BURGOS NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS UPPER TUMAPOC NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10504 - AN ACT SEPARATING THE F. BUSTAMANTE NATIONAL HIGH SCHOOL MAHAYAG ANNEX IN BARANGAY MAHAYAG, BUNAWAN DISTRICT, CITY OF DAVAO FROM THE F. BUSTAMANTE NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS MAHAYAG NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10505 - AN ACT SEPARATING THE NABUNTURAN NATIONAL COMPREHENSIVE HIGH SCHOOL NEW SIBONGA ANNEX IN BARANGAY NEW SIBONGA MUNICIPALITY OF NABUNTURAN, PROVINCE OF COMPOSTELA VALLEY FROM THE NABUNTURAN NATIONAL COMPREHENSIVE HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS NEW SIBONGA NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10506 - AN ACT SEPARATING THE LAAK NATIONAL HIGH SCHOOL SAN ANTONIO ANNEX IN BARANGAY SAN ANTONIO, MUNICIPALITY OF LAAK, PROVINCE OF COMPOSTELA VALLEY FROM THE LAAK NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS SAN ANTONIO NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10507 - AN ACT CHANGING THE NAME OF GAUDENCIO ABORDO NATIONAL HIGH SCHOOL IN BARANGAY BULAWIT, MUNICIPALITY OF LINAPACAN, PROVINCE OF PALAWAN TO BULAWIT NATIONAL HIGH SCHOOL

  • Republic Act No. 10508 - AN ACT CHANGING THE NAME OF MALALIM ELEMENTARY SCHOOL IN BARANGAY MALALIM, CITY OF BATANGAS, PROVINCE OF BATANGAS TO EULALIA TALBAN EBORA MEMORIAL ELEMENTARY SCHOOL

  • Republic Act No. 10509 - AN ACT SEPARATING THE CALAPE NATIONAL HIGH SCHOOL PAYPAY ANNEX IN BARANGAY PAYPAY, MUNICIPALITY OF DAANBANTAYAN, PROVINCE OF CEBU FROM THE CALAPE NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS PAYPAY NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10510 - AN ACT SEPARATING THE ALEJO M. PACALSO MEMORIAL NATIONAL HIGH SCHOOL LOACAN ANNEX IN BARANGAY LOACAN, MUNICIPALITY OF ITOGON, PROVINCE OF BENGUET FROM THE ALEJO M. PACALSO MEMORIAL NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS LOACAN NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10511 - AN ACT SEPARATING THE BAGUIO CITY NATIONAL HIGH SCHOOL STO. TOMAS ANNEX IN BARANGAY STO. TOMAS, CITY OF BAGUIO FROM THE BAGUIO CITY NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS STO. TOMAS NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10512 - AN ACT SEPARATING THE PINES CITY NATIONAL HIGH SCHOOL QUEZON HILL ANNEX IN BARANGAY QUEZON HILL, CITY OF BAGUIO FROM THE PINES CITY NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS QUEZON HILL NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10513 - AN ACT SEPARATING THE PINES CITY NATIONAL HIGH SCHOOL PINGET ANNEX IN BARANGAY PINGET, CITY OF BAGUIO FROM THE PINES CITY NATIONAL HIGH SCHOOL, CONVERTING IT INTO AN INDEPENDENT NATIONAL HIGH SCHOOL TO BE KNOWN AS PINGET NATIONAL HIGH SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10514 - AN ACT ESTABLISHING A CITY SCHOOLS DIVISION OFFICE IN THE CITY OF ANTIPOLO, PROVINCE OF RIZAL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10515 - AN ACT PROHIBITING AND PENALIZING UNAUTHORIZED INTERCEPTION, RECEPTION OR USE OF ANY SIGNAL OR SERVICE OVER A CABLE TELEVISION SYSTEM OR CABLE INTERNET SYSTEM AND/OR NETWORK, AND FOR OTHER PURPOSES

  • Republic Act No. 10516 - AN ACT EXPANDING THE UTILIZATION OF THE INDUSTRIAL ESTATE IN LAMAO, LIMAY, BATAAN FOR BUSINESSES ENGAGED IN ENERGY AND ENERGY-RELATED INFRASTRUCTURE PROJECTS AND OTHER GAINFUL ECONOMIC ACTIVITIES IN ADDITION TO PETROCHEMICAL AND RELATED INDUSTRIES, AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 949

  • Republic Act No. 10517 - AN ACT CREATING THREE (3) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF SAN PEDRO, PROVINCE OF LAGUNA, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10518 - AN ACT CREATING TWO (2) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF LUCENA PROVINCE OF QUEZON, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10519 - AN ACT CREATING TWO (2) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE SEVENTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF TOLEDO, PROVINCE OF CEBU, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10520 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE METROPOLITAN TRIAL COURT AND FIVE (5) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE NATIONAL CAPITAL JUDICIAL REGION TO BE STATIONED AT THE CITY OF MALABON, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10521 - AN ACT CREATING THREE (3) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE THIRD JUDICIAL REGION TO BE STATIONED AT THE CITY OF MALOLOS, PROVINCE OF BULACAN, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10522 - AN ACT CREATING FOUR (4) ADDITIONAL BRANCHES OF THE METROPOLITAN TRIAL COURT IN THE NATIONAL CAPITAL JUDICIAL REGION TO BE STATIONED AT THE CITY OF LAS PIÑAS, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10523 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF SINILOAN, PROVINCE OF LAGUNA, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10524 - AN ACT EXPANDING THE POSITIONS RESERVED FOR PERSONS WITH DISABILITY, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 7277, AS AMENDED, OTHERWISE KNOWN AS THE MAGNA CARTA FOR PERSONS WITH DISABILITY

  • Republic Act No. 10525 - AN ACT DECLARING THE FIRST WEEK OF FEBRUARY OF EVERY YEAR AS "WORLD INTERFAITH HARMONY" WEEK" IN THE ENTIRE COUNTRY AND MANDATING ITS OBSERVANCE BY THE DIFFERENT GOVERNMENT AGENCIES

  • Republic Act No. 10526 - AN ACT DECLARING THE MONTH OF JANUARY OF EVERY YEAR AS "LIVER CANCER AND VIRAL HEPATITIS AWARENESS AND PREVENTION MONTH" AND FOR OTHER PURPOSES

  • Republic Act No. 10527 - AN ACT CONVERTING THE BALATONG ELEMENTARY SCHOOL IN BARANGAY BALATONG, CITY OF LAOAG, PROVINCE OF ILOCOS NORTE INTO AN INTEGRATED SCHOOL TO BE KNOWN AS BALATONG INTEGRATED SCHOOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10528 - AN ACT CONVERTING THE LAND TRANSPORTATION OFFICE (LTO) EXTENSION OFFICE LOCATED IN SAN SIMON, PAMPANGA INTO A REGULAR LTO DISTRICT OFFICE, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES

  • Republic Act No. 10529 - AN ACT NAMING THE POLICE REGIONAL OFFICE 11 AT SITIO CATITIPAN, BARANGAY COMMUNAL, BUHANGIN DISTRICT, DAVAO CITY AS CAMP QUINTIN M. MERECIDO

  • Republic Act No. 10530 - AN ACT DEFINING THE USE AND PROTECTION OF THE RED CROSS, RED CRESCENT, AND RED CRYSTAL EMBLEMS, PROVIDING PENALTIES FOR VIOLATIONS THEREOF AND FOR OTHER PURPOSES

  • Republic Act No. 10531 - AN ACT STRENGTHENING THE NATIONAL ELECTRIFICATION ADMINISTRATION, FURTHER AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 269, AS AMENDED, OTHERWISE KNOWN AS THE "NATIONAL ELECTRIFICATION ADMINISTRATION DECREE"

  • Republic Act No. 10532 - AN ACT INSTITUTIONALIZING THE PHILIPPINE NATIONAL HEALTH RESEARCH SYSTEM

  • Republic Act No. 10533 - AN ACT ENHANCING THE PHILIPPINE BASIC EDUCATION SYSTEM BY STRENGTHENING ITS CURRICULUM AND INCREASING THE NUMBER OF YEARS FOR BASIC EDUCATION, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES

  • Republic Act No. 10534 - AN ACT NAMING THE MOUNTAIN PROVINCE POLICE PROVINCIAL OFFICE IN THE CAPITAL TOWN OF BONTOC, MOUNTAIN PROVINCE TO CAMP LT. GERONIMO F. MONTES

  • Republic Act No. 10535 - AN ACT TO SET THE PHILIPPINE STANDARD TIME (PST) IN ALL OFFICIAL SOURCES THROUGHOUT THE COUNTRY, TO PROVIDE FUNDS FOR THE INSTALLATION, OPERATION AND MAINTENANCE OF SYNCHRONIZED TIME DEVICES TO BE DISPLAYED IN KEY PUBLIC PLACES AND TO DECLARE THE FIRST WEEK OF EVERY YEAR AS NATIONAL TIME CONSCIOUSNESS WEEK

  • Republic Act No. 10536 - AN ACT AMENDING REPUBLIC ACT NO. 9296, OTHERWISE KNOWN AS "THE MEAT INSPECTION CODE OF THE PHILIPPINES"

  • Republic Act No. 10537 - AN ACT CREATING SIX (6) ADDITIONAL BRANCHES OF THE METROPOLITAN TRIAL COURT IN THE NATIONAL CAPITAL JUDICIAL REGION TO BE STATIONED AT THE CITY OF MAKATI, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10538 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE SECOND JUDICIAL REGION TO BE STATIONED AT THE CITY OF CAUAYAN, PROVINCE OF ISABELA FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10539 - AN ACT CREATING TWO (2) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF GUMACA, PROVINCE OF QUEZON, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10540 - AN ACT CREATING FOUR (4) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE SEVENTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF BARILI, PROVINCE OF CEBU, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10541 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE EIGHTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF ORMOC, PROVINCE OF LEYTE, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10542 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE TWELFTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF MIDSAYAP, PROVINCE OF NORTH COTABATO, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10543 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF STA. CRUZ, PROVINCE OF LAGUNA, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10544 - AN ACT CREATING TWO (2) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE SEVENTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF ARGAO, PROVINCE OF CEBU, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10545 - AN ACT CREATING THREE (3) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE SEVENTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF DANAO, PROVINCE OF CEBU, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10546 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE TWELFTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF COTABATO, PROVINCE OF MAGUINDANAO, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10547 - AN ACT CREATING THREE (3) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF PUERTO PRINCESA, PROVINCE OF PALAWAN, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10548 - AN ACT CONVERTING THE CUBAY ROAD TO BALABAGO ROAD IN JARO, ILOILO CITY INTO A NATIONAL ROAD AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10549 - AN ACT CONVERTING THE GENERAL EVANGELISTA PROVINCIAL ROAD IN THE CITY OF BACOOR, PROVINCE OF CAVITE INTO A NATIONAL ROAD AND PROVIDING FUNDS THEREFOR

  • Republic Act No. 10550 - AN ACT CONVERTING THE PROVINCIAL ROAD FROM BARANGAY POBLACION DUMALINAO, MUNICIPALITY OF DUMALINAO, PASSING THROUGH THE MUNICIPALITIES OF SAN PABLO, DINAS, DIMATALING, TABINA, PITOGO, VINCENZO SAGUN AND MARGOSATUBIG, PROVINCE OF ZAMBOANGA DEL SUR INTO A NATIONAL ROAD, OTHERWISE KNOWN AS THE ZAMBOANGA DEL SUR COASTAL ROAD

  • Republic Act No. 10551 - AN ACT CONVERTING THE KIANGAN TINOC BUGUIAS PROVINCIAL ROAD IN THE MUNICIPALITIES OF KIANGAN AND TINOC, PROVINCE OF IFUGAO AND MUNICIPALITY OF BUGUIAS, PROVINCE OF BENGUET INTO A NATIONAL ROAD AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10552 - AN ACT CONVERTING THE STA. ELENA CAPALONGA BYPASS COASTAL ROAD IN THE PROVINCE OF CAMARINES NORTE INTO A NATIONAL ROAD AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10553 - AN ACT PROVIDING FOR THE CONVERSION OF CANUMAY TO BIGNAY ROAD IN THE CITY OF VALENZUELA, METRO MANILA INTO A NATIONAL ROAD AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10554 - AN ACT PROVIDING FOR THE ESTABLISHMENT OF A DIVISION OF CITY SCHOOLS IN THE CITY OF TAGBILARAN, PROVINCE OF BOHOL AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10555 - AN ACT DECLARING THE JARO CATHEDRAL, MOLO CHURCH, THE ILOILO CITY CENTRAL BUSINESS DISTRICT, FORT SAN PEDRO, JARO PLAZA COMPLEX, MOLO PLAZA COMPLEX AND PLAZA LIBERTAD COMPLEX, ALL LOCATED IN THE CITY OF ILOILO, AS CULTURAL HERITAGE TOURISM ZONE

  • Republic Act No. 10556 - AN ACT DECLARING EVERY 27TH DAY OF NOVEMBER AS "ARAW NG PAGBASA", A REGULAR WORKING HOLIDAY

  • Republic Act No. 10557 - AN ACT PROMOTING AND STRENGTHENING FILIPINO DESIGN, PROVIDING FOR THE PURPOSE A NATIONAL DESIGN POLICY AND RENAMING THE PRODUCT DEVELOPMENT AND DESIGN CENTER OF THE PHILIPPINES INTO THE DESIGN CENTER OF THE PHILIPPINES AND FOR OTHER PURPOSES

  • Republic Act No. 10558 - AN ACT INCREASING THE NUMBER OF PLANTILLA POSITIONS FOR THE WEST VISAYAS STATE UNIVERSITY ASSIGNED TO STAFF THE WEST VISAYAS STATE UNIVERSITY MEDICAL CENTER IN ORDER TO MEET THE STANDARD NUMBER OF STAFFING POSITIONS FOR A THREE HUNDRED (300)-BED MEDICAL CENTER AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10559 - AN ACT NAMING THE PALAWAN POLICE PROVINCIAL OFFICE (PALAWAN PPO) TO CAMP HIGINO ACOSTA MENDOZA SR.

  • Republic Act No. 10560 - AN ACT DECLARING THE PROVINCE OF DAVAO ORIENTAL AS A TOURISM DEVELOPMENT AREA AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10561 - AN ACT DECLARING THE PROVINCE OF KALINGA IN THE CORDILLERA REGION AS A TOURISM DEVELOPMENT AREA (TDA) AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10562 - AN ACT CREATING FOUR (4) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE THIRD JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF PANIQUI, PROVINCE OF TARLAC, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10563 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE THIRD JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF CAPAS, PROVINCE OF TARLAC, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10564 - AN ACT CREATING FOUR (4) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE THIRD JUDICIAL REGION TO BE STATIONED AT THE CITY OF TARLAC AND THE MUNICIPALITIES OF CAMILING AND CONCEPCION, ALL IN THE PROVINCE OF TARLAC, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10565 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE ELEVENTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF DIGOS, PROVINCE OF DAVAO DEL SUR, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10566 - AN ACT CREATING TWELVE (12) ADDITIONAL BRANCHES OF THE METROPOLITAN TRIAL COURT IN THE NATIONAL CAPITAL JUDICIAL REGION TO BE STATIONED AT THE CITY OF PASIG, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10567 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE FIRST JUDICIAL REGION TO BE STATIONED AT URDANETA CITY, PROVINCE OF PANGASINAN, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10568 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE MUNICIPAL TRIAL COURT IN CITIES AND FIFTEEN (15) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF ANTIPOLO, PROVINCE OF RIZAL, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10569 - AN ACT CREATING SIX (6) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF BIÑAN, PROVINCE OF LAGUNA, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10570 - AN ACT CREATING SIX (6) ADDITIONAL BRANCHES OF THE MUNICIPAL TRIAL COURT IN CITIES AND AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE SEVENTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF CEBU, PROVINCE OF CEBU, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10571 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE SEVENTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF BAIS, PROVINCE OF NEGROS ORIENTAL, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10572 - AN ACT ESTABLISHING THE LIABILITY OF THE ABSOLUTE COMMUNITY OR CONJUGAL PARTNERSHIP FOR AN OBLIGATION OF A SPOUSE WHO PRACTICES A PROFESSION AND THE CAPABILITY OF EITHER SPOUSE TO DISPOSE OF AN EXCLUSIVE PROPERTY WITHOUT THE CONSENT OF THE OTHER SPOUSE, AMENDING FOR THE PURPOSE ARTICLES 73 AND 111 OF EXECUTIVE ORDER NO. 209, ALSO KNOWN AS THE FAMILY CODE OF THE PHILIPPINES

  • Republic Act No. 10573 - AN ACT DECLARING THE SHEIKH KARIMUL MAKHDUM MOSQUE, CONSIDERED AS THE SITE OF ONE OF THE OLDEST EXISTING MUSLIM HOUSES OF PRAYER OR MOSQUES IN THE PHILIPPINES, AT TUBIG INDANGAN, SIMUNUL, PROVINCE OF TAWI-TAWI, AS A NATIONAL HISTORICAL LANDMARK AND FOR OTHER PURPOSES

  • Republic Act No. 10574 - AN ACT ALLOWING THE INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS, AMENDING REPUBLIC ACT NO. 7353, OTHERWISE KNOWN AS "THE RURAL BANK ACT OF 1992, AS AMENDED, AND FOR OTHER PURPOSES

  • Republic Act No. 10575 - AN ACT STRENGTHENING THE BUREAU OF CORRECTIONS (BUCOR) AND PROVIDING FUNDS THEREFOR

  • Republic Act No. 10576 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE TWELFTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF KIDAPAWAN, PROVINCE OF NORTH COTABATO, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10577 - AN ACT CREATING TWO (2) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE NINTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF IPIL, PROVINCE OF ZAMBOANGA SIBUGAY, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10578 - AN ACT CREATING TWO (2) ADDITIONAL BRANCHES OF THE MUNICIPAL TRIAL COURT IN CITIES AND SEVEN (7) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE SEVENTH JUDICIAL REGION TO BE STATIONED AT THE CITY OF LAPU-LAPU, PROVINCE OF CEBU, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10579 - AN ACT CREATING AN ADDITIONAL BRANCH OF THE REGIONAL TRIAL COURT IN THE SEVENTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF TALIBON, PROVINCE OF BOHOL, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10580 - AN ACT CREATING FIVE (5) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE FOURTH JUDICIAL REGION TO BE STATIONED AT THE MUNICIPALITY OF MORONG, PROVINCE OF RIZAL, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10581 - AN ACT CREATING FOUR (4) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE THIRD JUDICIAL REGION TO BE STATIONED AT THE CITY OF OLONGAPO, PROVINCE OF ZAMBALES, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10582 - AN ACT CREATING SIX (6) ADDITIONAL BRANCHES OF THE REGIONAL TRIAL COURT IN THE THIRD JUDICIAL REGION TO BE STATIONED AT THE CITY OF ANGELES, PROVINCE OF PAMPANGA, FURTHER AMENDING FOR THE PURPOSE BATAS PAMBANSA BLG. 129, OTHERWISE KNOWN AS "THE JUDICIARY REORGANIZATION ACT OF 1980, AS AMENDED, AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10583 - AN ACT CONVERTING THE MOUNTAIN PROVINCE STATE POLYTECHNIC COLLEGE IN THE MUNICIPALITY OF BONTOC, MOUNTAIN PROVINCE INTO A STATE UNIVERSITY TO BE KNOWN AS THE MOUNTAIN PROVINCE STATE UNIVERSITY, WITH CAMPUSES IN THE MUNICIPALITIES OF TADIAN, BAUKO, PARACELIS AND BARLIG, ALL LOCATED IN MOUNTAIN PROVINCE AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10584 - AN ACT CONVERTING THE KALINGA-APAYAO STATE COLLEGE IN THE CITY OF TABUK, PROVINCE OF KALINGA INTO A STATE UNIVERSITY TO BE KNOWN AS THE KALINGA STATE UNIVERSITY AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10585 - AN ACT CONVERTING THE COTABATO CITY STATE POLYTECHNIC COLLEGE IN COTABATO CITY INTO A STATE UNIVERSITY TO BE KNOWN AS THE COTABATO STATE UNIVERSITY AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10586 - AN ACT PENALIZING PERSONS DRIVING UNDER THE INFLUENCE OF ALCOHOL, DANGEROUS DRUGS, AND SIMILAR SUBSTANCES, AND FOR OTHER PURPOSES

  • Republic Act No. 10587 - AN ACT REGULATING THE PRACTICE OF ENVIRONMENTAL PLANNING, REPEALING FOR THE PURPOSE PRESIDENTIAL DECREE NUMBERED ONE THOUSAND THREE HUNDRED AND EIGHT, ENTITLED "LAW REGULATING THE ENVIRONMENTAL PLANNING PROFESSION IN THE PHILIPPINES", AND FOR OTHER PURPOSES

  • Republic Act No. 10588 - AN ACT INSTITUTIONALIZING THE CONDUCT OF THE PALARONG PAMBANSA AND APPROPRIATING FUNDS THEREFOR

  • Republic Act No. 10589 - AN ACT DECLARING DECEMBER OF EVERY YEAR AS "ANTI-CORRUPTION MONTH" IN THE ENTIRE COUNTRY

  • Republic Act No. 10590 - AN ACT AMENDING REPUBLIC ACT NO. 9189, ENTITLED "AN ACT PROVIDING FOR A SYSTEM OF OVERSEAS ABSENTEE VOTING BY QUALIFIED CITIZENS OF THE PHILIPPINES ABROAD, APPROPRIATING FUNDS THEREFOR AND FOR OTHER PURPOSES"

  • Republic Act No. 10591 - AN ACT PROVIDING FOR A COMPREHENSIVE LAW ON FIREARMS AND AMMUNITION AND PROVIDING PENALTIES FOR VIOLATIONS THEREOF

  • Republic Act No. 10592 - AN ACT AMENDING ARTICLES 29, 94, 97, 98 AND 99 OF ACT NO. 3815, AS AMENDED, OTHERWISE KNOWN AS THE REVISED PENAL CODE

  • Republic Act No. 10593 - AN ACT AMENDING CERTAIN SECTIONS OF REPUBLIC ACT NO. 8048, ENTITLED "AN ACT PROVIDING FOR THE REGULATION OF THE CUTTING OF COCONUT TREES, ITS REPLENISHMENT, PROVIDING PENALTIES THEREFOR, AND FOR OTHER PURPOSES"

  • Republic Act No. 10533 - IMPLEMENTING RULES AND REGULATIONS OF THE ENHANCED BASIC EDUCATION ACT OF 2013 - REPUBLIC ACT NO. 10533

  • IMPLEMENTING RULES AND REGULATIONS Republic Act No. 10586 - An Act Penalizing Persons Driving Under The Influence Of Alcohol, Dangerous Drugs, And Similar Substances, And For Other Purposes” Otherwise known as the "Anti-Drunk and Drugged Driving Act of 2013"

  • Implementing Rules and Regulations of Republic Act No. 10557 otherwise known as the “Philippine Design Competitiveness Act of 2013"

  •  





     
     

    PHILIPPINE LAWS, STATUTES & CODES

    Republic Act  No. 10574 - AN ACT ALLOWING THE INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS, AMENDING REPUBLIC ACT NO. 7353, OTHERWISE KNOWN AS

      Republic Act No. 10574 - AN ACT ALLOWING THE INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS, AMENDING REPUBLIC ACT NO. 7353, OTHERWISE KNOWN AS "THE RURAL BANK ACT OF 1992, AS AMENDED, AND FOR OTHER PURPOSES

    REPUBLIC ACTS




    Republic of the Philippines
    CONGRESS OF THE PHILIPPINES
    Metro Manila

    Fifteenth Congress
    Third Regular Session

    Begun and held in Metro Manila, on Monday, the twenty-third day of July, two thousand twelve.

    REPUBLIC ACT NO. 10574

    AN ACT ALLOWING THE INFUSION OF FOREIGN EQUITY IN THE CAPITAL OF RURAL BANKS, AMENDING REPUBLIC ACT NO. 7353, OTHERWISE KNOWN AS "THE RURAL BANK ACT OF 1992, AS AMENDED, AND FOR OTHER PURPOSES

    Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

    Section 1. Section 4 of Republic Act No. 7353, as amended, is hereby amended to read as follows:

    "SEC. 4. No rural bank shall be operated without a Certificate of Authority from the Monetary Board of the Bangko Sentral ng Pilipinas. Rural banks shall be organized in the form of stock corporations. No less than forty percent (40%) of the voting stocks of a rural bank shall be owned by citizens of the Philippines or corporations or associations organized under the laws of the Philippines at least sixty percent (60%) of whose capital is owned by such citizens. Non-Filipino citizens may own, acquire or purchase up to sixty percent (60%) of the voting stocks in a rural bank. The percentage of foreign-owned voting stocks shall be determined by the citizenship of the individual or corporate stockholders of the rural bank. Upon consultation with the rural banks in the area, duly established cooperatives and corporations primarily organized to hold equities in rural banks may organize a rural bank and/or subscribe to the shares of stock of any rural bank: Provided, That a cooperative or corporation owning or controlling the whole or majority of the voting stock of the rural bank shall be subject to special examination and to such rules and regulations as the Monetary Board may prescribe. If subscription of private shareholders to the capital stock of a rural bank cannot be secured or is not available, or insufficient to meet the normal credit needs of the locality, the Land Bank of the Philippines, the Development Bank of the Philippines, or any government-owned or -controlled bank or financial institution, on representation of the said private shareholders but subject to the investment guidelines, policies and procedures of the bank or financial institution and upon approval of the Monetary Board of the Bangko Sentral ng Pilipinas, shall subscribe to the capital stock of such rural bank, which shall be paid in full at the time of subscription, in an amount equal to the fully paid subscribed and unimpaired capital of the private stockholders or such amount as the Monetary Board may prescribe as may be necessary to promote and expand rural economic development: Provided, however, That such shares of stock subscribed by the Land Bank of the Philippines, the Development Bank of the Philippines or any government-owned or -controlled bank or financial institution may be sold at any time at adjusted book value: Provided, finally, That in the sale of shares of stock subscribed by the Land Bank of the Philippines, the Development Bank of the Philippines or any government-owned or -controlled bank or financial institution, the registered stockholders shall have the right of preemption within one (1) year from the date of offer in proportion to their respective holdings, but in the absence of such buyer, preference, however, shall be given to residents of the locality or province where the rural bank is located."

    Section 2. Section 5 of Republic Act No. 7353, as amended, is hereby amended to read as follows:

    "SEC. 5. Non-Filipino citizens may become members of the Board of Directors of a rural bank but their participation in the Board shall be limited to their proportionate share in the equity of the rural bank: Provided, however, That at least one (1) independent director shall be elected to the Board of Directors.

    "No director or officer of any rural bank shall, either directly or indirectly, for himself or as the representative or agent of another, borrow any of the deposits or funds of such banks, nor shall he become a guarantor, indorser, or surety for loans from such bank to others, or in any manner be an obligor for money borrowed from the bank or loaned by it except with the written approval of the majority of the directors of the bank, excluding the director concerned. Any such approval shall be entered upon the records of the corporation and a copy of such entry shall be transmitted forthwith to the appropriate supervising department. The director/officer of the bank who violates the provisions of this section shall be immediately dismissed from his office and shall be penalized in accordance with Section 26 of this Act.

    "The Monetary Board may regulate the amount of credit accommodations that may be extended directly to the directors, officers or stockholders of rural banks of banking institutions. However, the outstanding credit accommodations which a rural bank may extend to each of its stockholders owning two percent (2%) or more of the subscribed capital stock, its directors, or officers shall be limited to an amount equivalent to the respective outstanding deposits and book value of the paid-in capital contributions in the bank."

    Section 3. Section 6 of Republic Act No. 7353 is hereby amended to read as follows:

    "SEC. 6. Loans or advances extended by rural banks organized and operated under this Act shall be primarily for the purpose of meeting the normal credit needs of farmers, fishermen or farm families owning or cultivating land dedicated to agricultural production as well as the normal credit needs of cooperatives and merchants.

    "Loans may be granted by rural banks on the security of lands without Torrens Title where the owner of private property can show five (5) years or more of peaceful, continuous and uninterrupted possession in concept of owner; or of portions of friar land estates or other lands administered by the Bureau of Lands that are covered by sales contracts and the purchasers have paid at least five (5) years installment thereon, without the necessity of prior approval and consent by the Director of Lands; or of portions of other estates under the administration of the Department of Agrarian Reform or other governmental agency which are likewise covered by sales contracts and the purchasers have paid at least five (5) years installment thereon, without the necessity of prior approval and consent of the Department of Agrarian Reform or corresponding governmental agency; or of homesteads or free patent lands pending the issuance of titles but already approved, the provisions of any law or regulations to the contrary notwithstanding: Provided, That when the corresponding titles are issued, the same shall be delivered to the Register of Deeds of the province where such lands are situated for the annotation of the encumbrance: Provided, further, That in the case of lands pending homestead or free patent titles, copies of notices for the presentation of the final proof shall also be furnished the creditor rural bank and, if the borrower applicants fail to present the final proof within thirty (30) days from date of notice, the creditor rural bank may do so for them at their expense: Provided, furthermore, That the applicant for homestead or free patent has already made improvements on the land and the loan applied for is to be used for further development of the same or for other productive economic activities: Provided, finally, That the appraisal and verification of the status of a land is a full responsibility of the rural bank and any loan granted on any land which shall be found later to be within the forest zone shall be for the sole account of the rural bank.

    "The foreclosure of mortgages covering loans granted by rural banks and executions of judgment thereon involving real properties levied upon by a sheriff shall be exempt from the publications in newspapers now required by law where the total amount of loan, excluding interest due and unpaid, does not exceed One hundred thousand pesos (P100,000) or such amount as the Monetary Board may prescribe as may be warranted by prevailing economic conditions. It shall be sufficient publication in such cases if the notices of foreclosure and execution of judgment are posted in the most conspicuous area of the municipal building, the municipal public market, the rural bank, the barangay hall, and the barangay public market, if any, where the land mortgaged is situated during the period of sixty (60) days immediately preceding the public auction or execution of judgment. Proof of publication as required herein shall be accomplished by an affidavit of the sheriff or officer conducting the foreclosure sale or execution of judgment and shall be attached with the records of the case: Provided, That when a homestead or free patent is foreclosed, the homesteader or free patent holder, as well as his heirs shall have the right to redeem the same within one (1) year from the date of foreclosure in the case of land not covered by a Torrens Title or one (1) year from the date of the registration of the foreclosure in the case of land covered by a Torrens Title: Provided, finally, That in any case, borrowers, especially those who are mere tenants, need only to secure their loans with the produce corresponding to their share.

    "A rural bank shall be allowed to foreclose lands mortgaged to it including lands covered by Republic Act No. 6657 (Comprehensive Agrarian Reform Law of 1988), as amended: Provided, That said lands shall be subject to the retention limits provided under Republic Act No. 6657.

    "Rural banks which are not qualified to acquire or hold land in the Philippines shall be allowed to bid and take part in foreclosure sales of real property mortgaged to them, as well as to avail of enforcement and other proceedings, and accordingly to take possession of the mortgaged property, for a period not exceeding five (5)-years from actual possession: Provided, That in no event shall title to the property be transferred to such rural bank. In case the rural bank is the winning bidder, it shall, during the said five (5)-year period, transfer its rights to a qualified Philippine national, without prejudice to a borrower's rights under applicable laws. Should a rural bank be not able to transfer such property within the five (5)-year period, the rural bank shall be penalized one-half (1/2) of one percent (1%) per annum of the price at which the property was foreclosed until the rural bank is able to transfer the property to a qualified Philippine national."

    Section 4. Section 8 of Republic Act No. 7353 is hereby amended to read as follows:

    "To provide supplemental capital to any rural bank until it has accumulated enough capital of its own or stimulate private investments in rural banks, the Land Bank of the Philippines, the Development Bank of the Philippines or any government-owned or -controlled bank or financial institution shall subscribe within thirty (30) days to the capital stock of any rural bank from time to time in an amount equal to the total equity investment of the private shareholders which shall be paid in full at the time of the subscription or such amount as may be necessary to promote and expand rural economic development: Provided, however, That shares of stock issued to the Land Bank of the Philippines, the Development Bank of the Philippines or any government-owned or -controlled bank or financial institution, may, pursuant to this section, at any time, be bought at adjusted book value.

    "Stocks held by the Land Bank of the Philippines, the Development Bank of the Philippines or by any government-owned or -controlled bank or financial institution, under the terms of this section, shall be made preferred only as to assets upon liquidation and without the power to vote and shall share in dividend distributions from the date of issuance in an amount based on the lending benchmark approved by the Bangko Sentral ng Pilipinas plus the prevailing non-prime spread of the government financial institution: Provided, however, That if such stock of the Land Bank of the Philippines, the Development Bank of the Philippines or any government-owned or -controlled bank or financial institution is sold to private shareholders, the same may be converted into common stock of the class provided for in Section 10 hereof: Provided, further, That pending the amendment of the Articles of Incorporation of the rural bank, if necessary, for the purpose of reflecting the conversion into common stock of preferred stock sold to private shareholders, the transfer shall be recorded by the rural bank in the stock and transfer book and such shareholders shall thereafter enjoy all the rights and privileges of common stockholders. The preferred stocks so transferred shall be surrendered and cancelled and the corresponding common stocks shall be issued.

    "x x x."

    Section 5. The Bangko Sentral ng Pilipinas, consistent with Section 11 of Republic Act No. 7353, shall prescribe the necessary rules and regulations on the amendments of the Rural Banks Act of 1992 in consultation with various stakeholders as well as disseminate this information to allow entry of foreign equity into our rural bank system to revitalize the rural banking industry and improve access of banking services to the rural areas in the country.

    The implementing rules and regulations shall be published within ninety (90) days from the publication of this Act in two (2) newspapers of general circulation in the Philippines.

    Section 6. Separability Clause. If, for any reason, any provision of this Act is declared invalid or unconstitutional, the remaining provisions not affected thereby shall continue to be in force and effect.

    Section 7. Repealing Clause. All laws, decrees, executive orders, proclamations, rules and regulations, and other issuances, or parts thereof, which are inconsistent with the provisions of this Act are hereby repealed or modified accordingly.

    Section 8. Effectivity Clause. This Act shall take effect fifteen (15) days after its complete publication in the Official Gazette or in at least two (2) newspapers of general circulation, whichever is earlier.cralaw

    Approved:cjuris


    (Sgd.) JUAN PONCE ENRILE
    President of the Senate
    (Sgd.) FELICIANO BELMONTE JR.
    Speaker of the House of Representatives

    This Act which is a consolidation of House Bill No. 5360 and Senate Bill No. 3282 was finally passed by the House of Representatives and the Senate on February 4, 2013 and January 30, 2013, respectively.


    (Sgd.) EDWIN B. BELLEN
    Acting Senate Secretary

    (Sgd.) MARILYN B. BARUA-YAP
    Secretary General
    House of Representatives

    Approved: May 24, 2013

    (Sgd.) BENIGNO S. AQUINO III
    President of the Philippines


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