Legal Insights
Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.
Apr 6, 2005banking-lawreceivershipcorporate-lawcentral-bank-actauthority-to-sellphilippine-supreme-court
Authority to Sell: Bank Receivership and Corporate Deals During Receivership
When a bank is under receivership, its officers lose power over assets. Only the receiver may administer—not sell—bank property.