Article 2122

RA 386 · Civil Code of the PhilippinesKey provision

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A thing under a pledge by operation of law may be sold only after demand of the amount for which the thing is retained.

Official text — RA 386

A thing under a pledge by operation of law may be sold only after demand of the amount for which the thing is retained. The public auction shall take place within one month after such demand. If, without just grounds, the creditor does not cause the public sale to be held within such period, the debtor may require the return of the thing. (n)

Source: lawphil.net (RA 386 as amended)

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