Article 1995

RA 386 · Civil Code of the Philippines

ELI5— what this means for you

A deposit its extinguished: (1) Upon the loss or destruction of the thing deposited; (2) In case of a gratuitous deposit, upon the death of either the depositor or the depositary.

Official text — RA 386

A deposit its extinguished:

(1) Upon the loss or destruction of the thing deposited;

(2) In case of a gratuitous deposit, upon the death of either the depositor or the depositary. (n)

CHAPTER 3

Necessary Deposit

Source: lawphil.net (RA 386 as amended)

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