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Act No. 2031 Section 53

Act No. 2031 Section 53

When person not deemed holder in due course.

Section 53

SEC. 53. When person not deemed holder in due course.— Where course an instrument payable on demand is negotiated an unreasonable length of time after its issue, the holder is not deemed a holder in due course.

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

Other provisions in CHAPTER IV.

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 53 (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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