Practice question
Who is designated receiver in the case of banks under amended section 30?
- Any largest borrower
- The PDIC
- Only a local mayor
- Only the bank president personally
- Any depositor selected by lottery
Legal references
- https://lawphil.net/statutes/repacts/ra2019/ra_11211_2019.html — RA 11211, section 13 replacing RA 7653 section 30
- https://lawphil.net/statutes/repacts/ra2022/ra_11840_2022.html — RA 11840, section 11 amending PDIC Charter section 13
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