Practice question
Does section 30 require a prior hearing before the specified summary prohibition on business?
- Yes, in every case
- Only a nationwide referendum
- No, it expressly permits action without prior hearing
- Only the bank president’s consent
- Only unanimous creditor approval
Legal references
- https://lawphil.net/statutes/repacts/ra2019/ra_11211_2019.html — RA 11211, section 13 replacing RA 7653 section 30
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