Republic Acts1 min read
Section 11Sec./Art. 11
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Primary Text
Permitted Investors. Any person may acquire or hold IUIs in an SPV in the minimum amount of Ten million pesos (P10, 000.000.00); Provided, That an SPV shall not be authorized to acquire the IUIs of another SPV: Provided, further, That the parent, subsidiaries, affiliates or stock-holders, directors, officers or any related interest of the selling FI or the parent's subsidiaries, affiliates or stock-holders, directors, officers or any related interest shall not acquire or hold, directly or indirectly, the IUIs of the SPV that acquired the NPAs of the FI.
ARTICLE III
Transfer of Assets to SPV
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