Practice question
A conservator is also connected with BSP. During conservatorship, may that conservator receive remuneration or emoluments from BSP under Section 29?
- Yes, with no limit
- Yes, if the bank has few deposits
- Yes, if shareholders agree
- Only if paid weekly
- No; Section 29 expressly bars that BSP remuneration during conservatorship
Legal references
- RA 7653, Section 29 (conservatorship): https://lawphil.net/statutes/repacts/ra1993/ra_7653_1993.html
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