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R.A. 1405: Secrecy of Bank Deposits Explained by Angelica Joyce Belen is a document available to read on EtoBox.
What is R.A. 1405: Secrecy of Bank Deposits Explained about?
The document discusses the Secrecy of Bank Deposits Act (Republic Act No. 1405) and whether it protects bank trust accounts from examination. It finds that the term "deposits" in the act should be interpreted broadly to include trust accounts. It also finds that two exceptions apply in this case that allow examination of the bank accounts: 1) upon court order in cases of bribery or dereliction of duty of public officials, and 2) when the money in the accounts is subject of the litigation, as is the case in
- Author
- Angelica Joyce Belen
- Language
- EN