Article 2240

RA 386 · Civil Code of the Philippines

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Property held by the insolvent debtor as a trustee of an express or implied trust, shall be excluded from the insolvency proceedings.

Official text — RA 386

Property held by the insolvent debtor as a trustee of an express or implied trust, shall be excluded from the insolvency proceedings. (n)

CHAPTER 2

Classification of Credits

Source: lawphil.net (RA 386 as amended)

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