Article 2116

RA 386 · Civil Code of the Philippines

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After the public auction, the pledgee (person holding collateral) shall promptly advise the pledgor (person giving collateral) or owner of the result thereof.

Official text — RA 386

After the public auction, the pledgee shall promptly advise the pledgor or owner of the result thereof. (n)

Source: lawphil.net (RA 386 as amended)

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