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SEC. 183. Applicability of the Code Nothing in this law shall be construed as amending existing provisions of special laws governing the registration, regulation, monitoring
SEC. 183. Applicability of the Code Nothing in this law shall be construed as amending existing provisions of special laws governing the registration, regulation, monitoring and supervision of special corporations such as banks, nonbank nancial institutions and insurance companies. Notwithstanding any provision to the contrary, regulators such as the Bangko Sentral ng Pilipinas and the Insurance Commission shall exercise primary authority over special corporations such as banks, nonbank financial institutions, and insurance companies under their supervision and regulation. SEC. 185. Applicability to Existing Corporation A corporation lawfully existing and doing business in the Philippines affected by the new requirements of this Code shall be given a period of not more than two (2) years from the effectivity of this Act within which to comply. SEC. 186. Separability Clause - If any provision of this Act is declared invalid or unconstitutional, other provisions hereof which are not affected thereby shall continue to be in full force and effect.SEC. 187. Repealing Clause - Batas Pambansa Big. 68, otherwise known as "The Corporation Code of the Philippines", is hereby repealed. Any law, presidential decree or issuance, executive order, letter of instruction, administrative order, rule or regulation contrary to or inconsistent with any provision of this Act is hereby repealed or modified accordingly.SEC. 184. Effect of Amendment or Repeal of This Code, or the Dissolution of a Corporation - No right or remedy in favor or against any corporation, its stockholders, members, directors, trustees, or officers, nor any liability incurred by any such corporation, stockholders, members, directors, trustees, or officers, shall be removed or impaired either by the subsequent dissolution of said corporation or by any subsequent amendment or repeal of this Code or of any part thereof
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