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Section 16. No loan, guaranty, or other form of financial accommodation for - 1987 Constitution of the Philippines

Section 16. No loan, guaranty, or other form of financial accommodation for of 1987 Constitution of the Philippines. Section 16. No loan, guaranty, or other form of financial accommodation for any business purpose may be granted, directly or indirectly, by any g

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

1987 Constitution of the Philippines

Section 16. No loan, guaranty, or other form of financial accommodation for any business purpose may be granted, directly or indirectly, by any government-owned or controlled bank or financial institution to the President, the Vice-President, the Members of the Cabinet, the Congress, the Supreme Court, and the Constitutional Commissions, the Ombudsman, or to any firm or entity in which they have controlling interest, during their tenure.

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