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Act No. 1956 Section 61

Section 61

SEC. 61. any person who shall accepted any preference, having reasonable cause to believe that the same was made or given by the debtor contrary Io any provision of ibis Act, shall not be allowed to prove the debt or claim on account of which the preference was made or given, nor shall he receive any dividend thereon, until he shall have surrendered to the assignee all property, money, benefit, or advantage received by him under such preference.

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

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).

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