Practice question
The Monetary Board conducts a meeting through videoconferencing and otherwise meets the Act's quorum, concurrence and record requirements. A challenger relies solely on the absence of physical co-location. What does section 11 as amended provide?
- It expressly permits meetings through modern technology, including videoconferencing.
- It categorically prohibits all remote meetings.
- It allows remote meetings only for private bank employees.
- It abolishes quorum during video meetings.
- It eliminates the duty to preserve proceedings.
Legal references
- New Central Bank Act, RA 7653, sections 6, 14–15, https://lawphil.net/statutes/repacts/ra1993/ra_7653_1993.html
- RA 11211, sections 2–3 amending New Central Bank Act sections 3 and 11, https://lawphil.net/statutes/repacts/ra2019/ra_11211_2019.html
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