Republic Acts1 min read
Section 16Sec./Art. 16
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Section 28 of the same Act is hereby deleted and replaced as follows:
"Section 28. Exemption from the Bulk Sales Law. - Bank liquidation involving the purchase of all assets and assumption of all liabilities of a bank to a third party shall be exempt from the provisions of Act No. 3952, otherwise known as 'The Bulk Sales Law.'"
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