Republic Acts1 min read
Section 18Sec./Art. 18
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Delivery of Property and Records it Interim Representative. - Where an interim representative has been appointed in accordance with Section 17.
(a) The directors, officers, or any employees of the SPE shall take all appropriate steps to safeguard the property and the benefits of the holders of the ABS of the SPE and shall deliver the property accounts, documents, and seals of the SPE to the interim representative; and
(b) Any person who possesses property or documents of the SPE shall notify the representative of such possession.
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