Republic Act No. 641: An act to amend paragraphs numbered two and three of subsection (a) of section five, the last paragraph of section eight, the last paragraph of section twelve, the first paragraph of section thirty-five, and section forty-two of commonwealth act numbered eighty-three, entitled "an act to regulate the sale of securities, to create securities and exchange commission, to enforce the provisions of the same, and to appropriate funds therefor.",

Republic Act No. 641

An act to amend paragraphs numbered two and three of subsection (a) of section five, the last paragraph of section eight, the last paragraph of section twelve, the first paragraph of section thirty-five, and section forty-two of commonwealth act numbered eighty-three, entitled "an act to regulate the sale of securities, to create securities and exchange commission, to enforce the provisions of the same, and to appropriate funds therefor.",

AN ACT TO AMEND PARAGRAPHS NUMBERED TWO AND THREE OF SUBSECTION (A) OF SECTION FIVE, THE LAST PARAGRAPH OF SECTION EIGHT, THE LAST PARAGRAPH OF SECTION TWELVE, THE FIRST PARAGRAPH OF SECTION THIRTY-FIVE, AND SECTION FORTY-TWO OF COMMONWEALTH ACT NUMBERED EIGHTY-THREE, ENTITLED "AN ACT TO REGULATE THE SALE OF SECURITIES, TO CREATE SECURITIES AND EXCHANGE COMMISSION, TO ENFORCE THE PROVISIONS OF THE SAME, AND TO APPROPRIATE FUNDS THEREFOR.",

In plain language

An amendment to specific provisions of Commonwealth Act No. 83 concerning securities regulation, registration, suspension, revocation, and court review, also repealing inconsistent acts including the Blue Sky Law.

Amendment to paragraphs 2 and 3 of subsection (a) of section 5

Amendment to last paragraph of section 8 on suspension of registration

Amendment to last paragraph of section 12 on revocation of registration

Amendment to first paragraph of section 35 on court review of Commission orders

Amendment to section 42 repealing inconsistent acts including the Blue Sky Law

Effective date provision

Securities Regulation

Commonwealth Act No. 83

Amendment

Financial Law

[ REPUBLIC ACT NO. 641, June 11, 1951 ]

AN ACT CREATING THE MUNICIPALITY OF LIMBUHAN IN THE PROVINCE OF MASBATE

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1

The barrios of Limbuhan, Guindawahan, Palho, Casabangan, Salvacion, Alegria, Tanke, Bundukan, Bugtong, and Cabangrayan are separated from the municipality of Cataingan, Province of Masbate, and constituted into a new municipality to be known as the Municipality of Limbuhan in said province, with the seat of government at the present site of the barrio of Limbuhan.

Section 2

The first mayor, vice-mayor, and councilors of the said new municipality shall be appointed by the President and shall continue to hold office until their successors shall have been elected and shall have qualified.

Section 3

This Act shall take effect upon its approval.

Approved, June 11, 1951.

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.