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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

PDIC as receiver proposes selling qualifying closed-bank assets to a FIST corporation in accordance with RA 11523 and applicable rules. A stakeholder argues section 13 categorically forbids that buyer type. Which is correct?

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FIST transfers are always forbidden RA 11840 expressly authorizes the stated route, subject to the FIST Act and implementing framework All asset sales require individual depositor consent Only former shareholders can ever buy assets

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