Philippine Bar review · Question

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

Essay Medium

Practice question

State the personal coverage of Section 55.1 and explain why a non-director employee cannot claim blanket exemption.

Legal references

  • RA8791, General Banking Law, Sections2 and55: https://lawphil.net/statutes/repacts/ra2000/ra_8791_2000.html

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