Sept 23 Assignment

Concentrate on the Cases and the related provisions in the GBL.

We will gloss over equity investments.

I. Deposit, Loans and Other Operations

i. Powers of Universal banks (Section 23 and 29, GBL)
ii. Equity Investments (Universal Banks (Section 24, 25, 26, 27)
iii. Section 28 Equity Investment in Quasi Banks
iv. Section 29 Powers of a Commercial Bank
1. Powers of a corporation
2. Enumerated powers
3. Cases:
a. Reliance Commodities .v Daewoo Industries (GR 100831, Dec
17, 1993
b. Prudential Bank .v IAC, GR 74888, Dec. 8, 1992
c. Bank of America, NT v. CA, GR 105395, Dec, 10, 1993
v. Sections 30-32 Equity Investments of Commercial Banks

II. Provisions Applicable to All Banks, QBs and Trust Entities

i. Chapter III, Sections 33-46
ii. MORB, Section X201- X203 (Demand Deposits) and Section X303 (SBL)
iii. Check Section 32, Corporation Code on Self dealing transactions
iv. Cases:
1. People v. Go, G.R. No. 191015. August 6, 2014
2. Spouses Ginorella v. PNB, G.R. No. 194515. September 16, 2015.
3. Go v. Bangko Sentral, GR 178429, October 23, 2009
4. Soriano v. People, GR No. 162336, Feb 1, 2010
5. Central Bank v. CA, GR L-45710, October 3, 1985
6. PNB v. IAC, GR No. 126908, Jan 16, 2003
7. Union Bank v. CA, GR 164910, Sept 30, 2005
8. Floirendo v. Metrobank, GR 148625. Sept 3, 2007
9. Macalinao v. BPI, GR No. 175490, Sept 17, 2009
10. Spouses Jonsay v. Solidbank, GR 206459, April 6, 2016
11. PNB v. Heirs of Benedicto & Azucena Alonday, GR 171865, October 12,
2016