Practice question
Why must entrusted securities appear in the responsible officer’s account even if no cash was realized that year?
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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