Practice question
A proper ordinary freeze application is filed the day before a nonworking day. Under amended Section10(a), how is the statutory twenty-four-hour period for court action computed?
- The nonworking days are excluded under the stated rule
- The application automatically fails
- The period becomes twenty-four years
- Only the bank may set the deadline
- Nonworking days are always included despite the express qualification
Legal references
- RA11521: https://lawphil.net/statutes/repacts/ra2021/ra_11521_2021.html Section5, AMLA Section10(a).
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