Practice question
State the legal basis for treating the PPSR as an operational current registry rather than assuming an indefinitely preoperational system.
Legal references
- LRA Circular 02-2025, Sections 2-4: https://ppsr.lra.gov.ph/wp-content/uploads/2025/02/02-2025-OPERATIONALIZATION-OF-THE-PERSONAL-PROPERTY-SECURITY-REGISTRY.pdf
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