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The equity investment of a universal bank, or of its wholly or majority-owned subsidiaries, in a single non-financial allied enterprise shall not exceed thirty-five percent

The equity investment of a universal bank, or of its wholly or majority-owned subsidiaries, in a single non-financial allied enterprise shall not exceed thirty-five percent (35%) of the total equity in that enterprise nor shall it exceed thirty-five percent (35%) of the voting stock in that enterprise. True or False

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