REPUBLIC ACT NO. 111, June 02, 1947

[ REPUBLIC ACT NO. 111, June 02, 1947 ]

AN ACT AMENDING SECTION NINE OF ACT NUMBERED THREE THOUSAND NINE HUNDRED AND FIFTY-TWO, ENTITLED "AN ACT TO REGULATE THE SALE, TRANSFER, MORTGAGE OR ASSIGNMENT OF GOODS, WARES, MERCHANDISE, PROVISIONS OR MATERIALS, IN BULK, AND PRESCRIBING PENALTIES FOR THE VIOLATION OF THE PROVISIONS THEREOF."

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

SECTION 1. Section nine of Act Numbered Three thousand nine hundred and fifty-two is hereby amended so as to read as follows:

"SEC. 9. The sworn statement containing the names and addresses of all creditors of the vendor or mortgagor provided for in section three of this Act, shall be registered in the Bureau of Commerce. For the registration of each such sworn statement a fee of five pesos shall be charged to the vendor or mortgagor of the stock of goods, wares, merchandise, provisions or materials, in bulk." SEC. 2. This Act shall take effect upon its approval.

Approved, June 2, 1947.