What is the statutory deadline for divesting shareholdings or interests in a private business under Section 9 of RA 6713?
Answer and explanation
Correct answer: B. within sixty days from assumption of office
- Step 1: Section 9 requires: divestment within sixty (60) days from assumption of office; resignation from private business positions within thirty (30) days. Answer: within sixty days from assumption of office. Why not the others: 30 days is for resignation; 60 days is for complete divestment of shares.
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