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Section 183. Applicability of the Code - Revised Corporation Code

Section 183. Applicability of the Code of Revised Corporation Code. Section 183. Applicability of the Code. - Nothing in this Act shall be construed as amending existing provisions of special laws governing the re

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Revised Corporation Code

Section 183. Applicability of the Code. - Nothing in this Act shall be construed as amending existing provisions of special laws governing the registration, regulation, monitoring and supervision of special corporations such as banks, nonbank financial institutions and insurance companies.

Notwithstanding any provision to the contrary, regulators such as the Bangko Sentral ng Pilipinas and the Insurance Commission shall exercise primary authority over special corporations such as banks, nonbank financial institutions, and insurance companies under their supervision and regulation.

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