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Article 1455

RA 386 · Civil Code of the PhilippinesKey provision

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When any trustee, guardian or other person holding a fiduciary relationship uses trust funds for the purchase of property and causes the conveyance to be made to him or to a third person, a trust is established by...

Official text — RA 386

When any trustee, guardian or other person holding a fiduciary relationship uses trust funds for the purchase of property and causes the conveyance to be made to him or to a third person, a trust is established by operation of law in favor of the person to whom the funds belong.

Source: lawphil.net (RA 386 as amended)

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