My bookmarksSign up free

Act No. 2031 Section 39

Act No. 2031 Section 39

Conditional indorsement.

Section 39

SEC. 39. Conditional indorsement.— "Where an indorsement is conditional, a party required to pay the instrument may disregard the condition and make payment to the indorsee or his transferee whether the condition has been fulfilled or not. But any person to whom an instrument so indorsed is negotiated will hold the same, or the proceeds thereof, subject to the rights of the person indorsing conditionally.

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

Other provisions in CHAPTER III.

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. 2031 Section 39 (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. 2031, full textChapter navigation and full text, so you can read this section in contextPhilippines legislationPhilippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearCHAPTER III. — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections