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Philippine Bar review · Question

Practice question: Closure

Essay Hard

Practice question

An institution publicly announces unilateral closure, suspends deposit payments and denies that the Monetary Board can act before sixty dormant days. Analyze the separate alternatives in amended Section 30(a).

Legal references

  • RA 11211, Section 13, amending RA 7653 Section 30: https://lawphil.net/statutes/repacts/ra2019/ra_11211_2019.html

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