Practice question
Does appointment as rehabilitation receiver alone automatically displace existing management?
- Yes, in every case
- Only if the receiver announces it privately
- No, management takeover requires the applicable court direction under Section 36
- Yes, without any statutory basis
- The debtor ceases to have any management
Legal references
- RA 10142, Sections 31 and 36: https://lawphil.net/statutes/repacts/ra2010/ra_10142_2010.html
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