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.
Act No. 2427 Section 140
Act No. 2427 Section 140
Other provisions in CHAPTER II.—Marine insurance.
CitationAct No. 2427 Section 140 (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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Act No. 2427, 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 II.—Marine insurance. — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections