Revocation of License to Operate as a Non-Stock Savings and Loan Association (NSSLA) of Tabacalera Employee Savings and Loan Association, Inc.
Bangko Sentral ng Pilipinas
OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR
CIRCULAR LETTER NO. CL-2010- 003
To ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS
Subject: Savings and Loan Association (NSSLA) of Tabacalera Revocation of License to Operate as a Non-Stock Employees Savings and Loan Association, Inc.
The Monetary Board, in its Resolution No. 1780, dated 10 December
and the expiration of its corporate life, in accordance with Section 4651S of 2009, approved the revocation of the license to operate as an NSSLA of in view of the grounds for involuntary dissolution arising from the Securities and Exchange Commission's revocation of its Certificate of Registration TABACALERA EMPLOYEES SAVINGS AND LOAN ASSOCIATION, INC.
Non-Stock Savings and Loan Association Act of 1997". the Implementing Rules and Regulations for R.A. No. 8367, the "Revised
C Q NESTOR A.ESPENILKA, JR Deputy Governor
O f. January 2010
PANANALAPING MAtAtAG, BANSANG PANAtAG
A. Mabini St., Malate 1004 Manila, Philippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph e-mail: [email protected]
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