An Act to Further Amend Section Two Thousand and Nineteen of the Revised Administrative Code, as Amended by Commonwealth Act Numbered Three Hundred and Ninety-Four, Regarding Postal Savings Bank Special Withdrawals
Year:
1948
Category:
Other
Date Approved:
June 9, 1948
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act amends Section 2019 of the Revised Administrative Code to allow local postmasters to make special withdrawals not exceeding one hundred pesos without prior authorization from the central office. The amendment aims to streamline the process for small withdrawals at postal savings banks.Full Text
REPUBLIC ACT No. 230
An Act to Further Amend Section Two Thousand and Nineteen of the Revised Administrative Code, as Amended by Commonwealth Act Numbered Three Hundred and Ninety-Four, Regarding Postal Savings Bank Special Withdrawals
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Section two thousand and nineteen of the Revised Administrative Code, as amended by Commonwealth Act Numbered Three hundred and ninety-four, is hereby further amended so as to read as follows:
Section 2. This Act shall take effect upon its approval.
Approved: June 9, 1948.
"Sec. 2019. Special withdrawals.— The Director of Posts may, by regulation, provide that withdrawals not in excess of one hundred pesos in each case, or any maximum amount which in the discretion of the Department Head and upon recommendation of the Director of Posts is considered proper and reasonable under the circumstances, may be paid by any local postmaster without first securing authority for such payment from the central office."
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.