Philippine Bar review · Question

Practice question: Prohibited Transactions by Bank Directors, Officers, and Employees

Essay Hard

Practice question

An insider says Section 55.1(b) cannot apply to unauthorized disclosure of information about nondeposit property held by the bank. Assess on facts excluding court order or any other lawful authority.

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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