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Article 2247

RA 386 · Civil Code of the PhilippinesKey provision

ELI5— what this means for you

If there are two or more credits with respect to the same specific movable property, they shall be satisfied pro rata, after the payment of duties, taxes and fees due the State or any subdivision thereof.

Official text — RA 386

If there are two or more credits with respect to the same specific movable property, they shall be satisfied pro rata, after the payment of duties, taxes and fees due the State or any subdivision thereof. (1926a)

Source: lawphil.net (RA 386 as amended)

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