Practice question
What does amended RA 6426 Section 8 expressly provide for protected foreign-currency deposits?
- They are unconditionally open to every creditor
- Exemption from attachment, garnishment and the specified court or agency processes
- Automatic transfer to the first plaintiff
- No confidentiality whatsoever
- A duty to publish every account daily
Legal references
- RA 6426 Section 8,as amended by PD 1246 Section 2: https://lawphil.net/statutes/presdecs/pd1977/pd_1246_1977.html
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