28. Under the Bank Secrecy Law, it prohibits any person from disclosing to 1 point any person any information, relative to the funds or properties belonging to the depositor in the custody of the bank. Which of the following acts is an EXCEPTION to the rule? O A. Oral permission or consent by the depositor. O B. Upon order of the Commissioner of Internal Revenue in an application for compromise of tax liability or determination a decedent's gross estate. O C. Upon order of the court in cases of estafa and falsification of official documents committed by public officials O D. Upon subpoena issued by Ombudsman concerning its fact finding investigation relative to the information provided by an anonymous complainant.23. The corporate term of a stock corporation is that which is stated in the 1 point Articles of Incorporation. It may be extended or shortened by an amendments of the Articles of Incorporation when approved by a majority of the Beard of Directors and O A. Approved and ratified by at least 2:3 of all stockholders. O H.1he written assent of the stockholders representing at least te majority of outstanding capital stock. 0 B. Hatified at a meeting by the stockholders representing at least 21'3 of the outstanding capital stock. 0 I}. The written assent of the stockholders representing at least 2:3 of the outstanding capital stock 24. One of the following is NOT attribute of a close corporation. 1 point 0 A. A close corporation is deemed not close corporation when at least 33 of is voting stock is owned or controlled by another corporation which is not a close corporation. 0 B. A corporation vested with public interest cannot be organized as a close corporation C. AnyI stockholder mayI petition the SEC for the dissolution of the corporation by 0 reason of illegal, fraudulent, dishonest. oppressive, or unfair acts of directors or officers. or misapplication of corporate assets. I}. A stockholder may not. withdraw and demand that the corporation buyI his shares 0 at their fair value which shall not be less that the par or issued value; provided, that corporation has sufficient assets to cover its liabilities. 25. The government agency.Ir granted the power to conduct an independent 1 point special examination of banks and inquire into or examine deposit accounts of ailing banks in the event there is a nding of unsafe and unsound banking practice is O A. Bangko Sentral ng Pilipinas O B. Antivmonealr Laundering Council 0 C. Philippine Deposit Insurance Commission 0 D. Securities and Exchange Commission 26. Which of the following statements does NUT characterize a nc-par 1 point value share? 0 A. It may be issued even if the subscription is not yet fully paid. 0 B. It has not stated value appearing on the certificate of stock. 0 B. It may issued together with par value shares 0 I}. It always has an issued value. 2?. Which of the following statements relative to the dissolution of 1 point corporation is FALSE? 0 A. Uduidation involves the sale or conversion of all corporate assets into cash and payment of all liabilities. B. Corporate creditors who do not belong to the corporation shall be preferred in 0 payment than corporate creditors who are also stockholders, members directors. trustees. or officers of the corporation. 0 B. Winding up involves the final distribution of whatever remains, if any, to the stockholders as a return of their investment. 0 I}. A corporation has only a period of five [5] years from the time it was dissolved within which to liquidate its affairs. 22.Under the Bank Secrecy Law, it prohibits any person from disclosing to 1 point any person any information relative to the funds or properties belonging to the depositor in the custody of the bank. Which of the following acts is NOT an EXCEPTION to this Rule. ()A. Upon order of the court in cases of plunder committed by public officials. O B. Upon order of the Commissioner of Internal Revenue in an application for compromise of tax liability or determination a decedent's gross estate. )C. Written permission or consent in writing by the depositor O D. Upon subpoena issued by the Ombudsman concerning its fact finding investigation relative to the information provided by an anonymous complainant