Practice question
Who bears the expenses attendant to a bank’s conservatorship under Section 29?
- Every taxpayer through a mandatory new tax
- The local government automatically
- The bank or quasi-bank concerned
- Only the conservator personally
- Only the largest depositor
Legal references
- RA 7653, Section 29 (conservatorship): https://lawphil.net/statutes/repacts/ra1993/ra_7653_1993.html
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