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Philippine Bar review · Question

Practice question: Closure

Multiple Choice Easy

Practice question

Who may summarily forbid a bank from doing business under section 30 upon the statutory report and findings?
  1. Only the bank’s cashier
  2. The Monetary Board
  3. Any one depositor
  4. Any social-media commentator
  5. Only a city mayor

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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