S. No. 413 H. No. 751 / 63 OG No. 44, 9890 (October 30, 1967)

[ REPUBLIC ACT NO. 4885, June 17, 1967 ]

AN ACT TO AMEND SECTION TWO, PARAGRAPH (D), ARTICLE THREE HUNDRED FIFTEEN OF ACT NUMBERED THIRTY-EIGHT HUNDRED AND FIFTEEN, AS AMENDED, OTHERWISE KNOWN AS THE REVISED PENAL CODE, (RE: ISSUANCE OF CHECKS.)

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. Section Two, Paragraph (d), Article Three hundred fifteen of Act Numbered Thirty-eight hundred and fifteen is hereby amended to read as follows:

"SEC. 2. By means of any of the following false pretenses or fraudulent acts executed prior to or simultaneously with the commission of the fraud:"(d) By postdating a check, or issuing a check in payment of an obligation when the offender had no funds in the bank, or his funds deposited therein were not sufficient to cover the amount of the check. The failure of the drawer of the check to deposit the amount necessary to cover his check within three (3) days from receipt of notice from the bank and/or the payee or holder that said check has been dishonored for lack or insufficiency of funds shall be prima facie evidence of deceit constituting false pretense or fraudulent act."

SEC. 2. This Act shall take effect upon its approval.Approved, June 17,  1967.

Source: Supreme Court E-Library