Practice question
After diligent reasonable efforts an employee remains unlocated for the statutory three years. An officer proposes using the recovered sum for unrelated office entertainment. What statutory restriction applies to the resulting special fund?
- It is exclusively for amelioration and benefit of workers
- It becomes unrestricted personal money
- It automatically belongs to management
- It must fund any private celebration
- It is solely for the adjudicator’s bonus
Legal references
- RA6715 Section2, Labor Code Article129 summary procedure and recovered funds: https://lawphil.net/statutes/repacts/ra1989/ra_6715_1989.html
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