Act No. 2427 Section 140

Section 140

SEC. 140. If a marine insurer pays for a loss as if it for actual were an actual total loss, he is entitled to whatever may remain of the thing insured, or its proceeds or salvage, as if there had been a formal abandonment.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER II.—Marine insurance. →

Other provisions in CHAPTER II.—Marine insurance.

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 2026-07-04

CitationAct No. 2427 Section 140 (LawPlayer, data as of 2026-07-04)

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

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Act No. 2427, full textChapter navigation and full text, so you can read this section in contextLegislation of this jurisdiction 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 II.—Marine insurance.: the chapter this section belongs toRead this section in its chapter, with the neighbouring sections in orderChapters and sections