Practice question
Which bank security is expressly excluded from section 9.1(e)’s bank-issued-security exemption?
- Every bank-issued bond
- Every bank-issued note
- The bank’s own shares of stock
- All bank guarantees
- Every bank-issued instrument without exception
Legal references
- https://lawphil.net/statutes/repacts/ra2000/ra_8799_2000.html — RA 8799, sections 8–10 and 26
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