Practice question
A union’s responsible officer submits a sworn cash account but excludes bonds and securities under her control, saying they produced no cash that year. She also omits a donation’s source. Which requirements apply?
- The account includes entrusted assets and income records must identify source
- Only cash received from dues can ever matter
- No-income securities disappear from the account
- An affidavit makes missing information irrelevant
- Donation sources must be hidden from all lawful records
Legal references
- Labor Code Article250[241] current membership safeguards, read with RA9481: https://lawphil.net/statutes/presdecs/pd1974/pd_442a_1974.html Paragraphs(b),(j)–(m).
- RA9481 Sections3,5,7, current cancellation/reporting rules: https://lawphil.net/statutes/repacts/ra2007/ra_9481_2007.html Section7 no automatic cancellation for reporting failure.
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