Practice question
In the historical regulatory framework applied in Linsangan, a transferee proves by official birth records that she is the transferor's daughter. Which beneficial-ownership route is implicated?
- The automatic criminal-guilt route.
- An exception for every unrelated nominee.
- A rule that relatives can never hold deposits.
- The qualified-relative route, distinct from proving a transfer for valid consideration through bank-held documents.
- A requirement that all descendants be more than second-degree relatives.
Legal references
- RA 10846, deposit splitting prohibition and definition: https://lawphil.net/statutes/repacts/ra2016/ra_10846_2016.html
- Linsangan v. PDIC, G.R. No. 228807, February 11, 2019, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/23/64987
- RA 11840, Section 4 amending PDIC Charter Section 5(k): https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/95626
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