Act No. 1956 Section 31

Section 31

SEC. 31. If on the day appointed for the meeting, creditors do not attend, or fail or refuse to elect an assignee, of it, after election, the assignee shall fail to qualify within the proper time, or if a vacancy occurs by death or otherwise, the court shall appoint an nee and fix the amount of his bond.

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

Other provisions in CHAPTER V.

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. 1956 Section 31 (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).

Continue your research

Act No. 1956, full textChapter navigation and full text, so you can read this section in contextPhilippines legislation Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER V. — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections