An Act amending and repealing some of the provisions of chapter Twenty-seven of act numbered Twenty-seven hundred eleven commonly known as the Administrative Code of nineteen hundred and se

Commonwealth Acts

Commonwealth Act No. 83

COMMONWEALTH ACT No. 83

AN ACT TO REGULATE THE SALE OF SECURITIES, TO CREATE A SECURITIES AND EXCHANGE COMMISSION TO ENFORCE THE PROVISIONS OF THE SAME, AND TO APPROPRIATE FUNDS THEREFOR

Be it enacted by the National Assembly of the Philippines:

CHAPTER I
Short Title and Definitions

Section 1. Short Title - This Act may be cited as "Securities Act."

Section 2. Definitions - When used in this Act, the following terms shall, unless the context otherwise indicates, have the following respective meanings:

(a) "Securities" shall include stock certificates, treasury stock certificates, bonds, debentures; certificates of participation in, or right to subscribe to, any of the foregoing; certificates of participation, collateral trust certificates, investment contracts, voting trust certificates, certificates of deposit for a security, premium or gift sharing certificates or tickets, preorganization certificates or subscriptions; certificates evidencing shares of, or interest in, trust estates or associations; certificates of interest or participation in any profit sharing agreement or in an agreement to incorporate or to form an association or in mutual incorporation or association contracts...