Practice question
A proposal for a special BSP examination receives four affirmative Monetary Board votes at an otherwise valid meeting. Its sponsor says ordinary concurrence is enough and that the specific examination rule is merely optional. Apply Section28 as amended by RA11211 and distinguish validity of the meeting from authorization of the examination.
Legal references
- RA11211 amendments to RA7653: https://lawphil.net/statutes/repacts/ra2019/ra_11211_2019.html Section11 amending RA7653 Section28.
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