Bill Type
Congress Name
Long Title
AN ACT AMENDING REPUBLIC ACT NO. 386, ALSO KNOWN AS THE CIVIL CODE, ARTICLE 1991, ON REPLACING THE WORD "DEPOSITOR'S" WITH "DEPOSITARY'S" IN ORDER FOR THE LAW TO REFLECT ITS INTENDED MEANING
Text as filed (link)
Date filed
January 28, 2021
Scope
Legislative History
| House Bill/Resolution NO. HB08574 |
| FULL TITLE : AN ACT AMENDING REPUBLIC ACT NO. 386, ALSO KNOWN AS THE CIVIL CODE, ARTICLE 1991, ON REPLACING THE WORD "DEPOSITOR'S" WITH "DEPOSITARY'S" IN ORDER FOR THE LAW TO REFLECT ITS INTENDED MEANING |
| ABSTRACT : Proposes to amend Article 1991 of the Civil Code to read as follows:"Article 1991. The [depositor's] DEPOSITARY'S heir who in good faith may have sold the thing which he did not know was deposited, shall only be bound to return the price he may have received or to assign his right of action against the buyer in case the price has not been paid by him." |
| PRINCIPAL AUTHOR/S : VILLAFUERTE, LUIS RAYMUND "LRAY" JR F. |
| DATE FILED : 2021-01-28 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON REVISION OF LAWS ON 2021-02-02 |
Abstract
Proposes to amend Article 1991 of the Civil Code to read as follows:"Article 1991. The [depositor's] DEPOSITARY'S heir who in good faith may have sold the thing which he did not know was deposited, shall only be bound to return the price he may have received or to assign his right of action against the buyer in case the price has not been paid by him."
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.