Practice question
Under Section 55.3, may a government examiner assigned to supervise or examine a bank aid the prohibited acts merely because not employed by the bank?
- Always
- Only if paid by government
- Only on weekends
- No; the subsection expressly prohibits the specified government personnel from committing or aiding those acts
- Only if the bank is private
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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