My bookmarksSign up free

Act No. 190 Section 259

Disposition of proceeds in case the debt is not all due.

Section 259

SEC. 259. Disposition of proceeds in case the debt is not all due. — If the debt for which the mortgage or incumbrance was held is not all due, so soon as sufficient of the property has been sold to pay the amount due, with costs, the sale must cease; and afterwards, as often as more becomes due for principal or interest, the court may, on motion, order more to be sold. But if the property can not be sold in portions without injury to the parties, the whole shall be ordered to be sold in the first instance, and the entire debt and costs paid, there being a rebate of interest where such rebate is proper.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER IX →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

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

What to look at next