Republic Act No. 119: An act to amend section nineteen hundred sixty-eight of the revised administrative code so as to change in terms of pesos, philippine currency, instead of dollars, united states currency, the maximum amount for which a money order may be issued

Republic Act No. 119

An act to amend section nineteen hundred sixty-eight of the revised administrative code so as to change in terms of pesos, philippine currency, instead of dollars, united states currency, the maximum amount for which a money order may be issued

An Act to Amend Section Nineteen Hundred Sixty-Eight of the Revised Administrative Code so as to Change in Terms of Pesos, Philippine Currency, Instead of Dollars, United States Currency, the Maximum Amount for Which a Money Order May be Issued

In plain language

This act amends Section 1968 of the Revised Administrative Code to replace the dollar denomination with pesos, setting the maximum amount for a money order to two hundred pesos and limiting the number of money orders a postmaster may sell per day to one party to ten.

Maximum money order amount limited to two hundred pesos

Postmaster may not sell more than ten money orders per day to one party

Revised Administrative Code

Money Order

Currency

Philippines

REPUBLIC ACT No. 119

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Section nineteen hundred and sixty-eight of the Revised Administrative Code is hereby amended to read as follows:

"Sec. 1968. Maximum amount payable by money order. No money order shall be issued for a greater sum than two hundred pesos Philippine currency; and unless specifically authorized by the Director of Posts, no postmaster shall directly or indirectly sell more than ten money orders in one day to one party payable to the same person.

Section 2

This Act shall take effect upon its approval.

Approved: June 7, 1947

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.