Practice question
Which fiduciaries are expressly covered by Section 30’s second paragraph on adverse interests in confidentially entrusted matters?
- Only directors
- Only external customers
- Directors, trustees and officers
- Only competitors
- Only the corporate bank
Legal references
- Revised Corporation Code, RA 11232, Sections 30 and 33: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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