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Savings and Loan Associations No. 7-66
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Savings and Loan Associations No. 7-66
CBP MEMORANDUM
October 20, 1966
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Bangko Sentral ng Pilipinas
BSP Memoranda
Corporate
Savings and Loan Associations No. 7-66
CBP MEMORANDUM
•October 20, 1966
October 20, 1966CBP MEMORANDUMTO : Savings and Loan Associations No. 7-66For the information and guidance of all concerned, it is hereby advised that shares of stock of savings and loan associations are exempt securities under Section 5(5) of the Securities Act (Commonwealth Act No. 83, as amended). cdlexPrior permission of the Securities and Exchange Commission, therefore, need not be secured in the sale and issuance of said shares to the general public. (SGD.) CELSO S. BATEDirector
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Bangko Sentral ng Pilipinas
BSP Memoranda
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