Practice question
Does the professional-practice exception in the final paragraph automatically erase the separate subparagraph (1) prohibition on regulated-enterprise roles?
- Yes, calling oneself professional exempts every corporate role.
- Yes, subparagraph (1) becomes meaningless after separation.
- No.
- Yes, all roles listed there are now unrestricted immediately.
- Yes, the client may privately waive every statutory condition.
Legal references
- RA 6713, Section 7(b)(1)-(3) and its final paragraph: https://lawphil.net/statutes/repacts/ra1989/ra_6713_1989.html
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