Practice question
Under Section 92, whose claims may reach assets held in the entity’s trustee capacity under the stated trust-asset rule?
- Every general creditor automatically
- Every employee’s personal creditor
- Only the entity’s advertisers
- The parties interested in the specific trusts
- Every foreign government without legal basis
Legal references
- General Banking Law, RA 8791, Sections 3, 55, 87-88 and 92-93: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html
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