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Act No. 1459 Section 56

Section 56

SEC. 56. Any franchise granted to a corporation to collect tolls, or to occupy, enjoy, or use public property or any portion of the public domain or any right of way over public property or the public: domain, and any rights and privileges acquired under such franchise, may be levied upon and sold under execution, together with the property necessary for the enjoyment, the exercise of the powers, and the receipt of"the proceeds of such franchise or right of way. in the same manner and with like effect as any other proper!v to satisfy any judgment against the corporation: Provided, That, the sale of' the franchise or right of way and the property necessary for the enjoyment, the exercise of the powers, and the receipt of the proceeds "of said franchise or right of way is specially decreed and ordered in the judgment: And provided further, That the sale shall not become effective until confirmed by the court after due notice.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER I.—General provisions as to corporations. →

Other provisions in CHAPTER I.—General provisions as to corporations.

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationAct No. 1459 Section 56 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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