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CA 459 Section 30

Section 30

SEC. 30. When the securities given to the Agricultural and Industrial Bank consist of a real estate mort­gage, the sale of said securities may be made in accordance with Act Numbered Three thousand one hundred thirty-five, as amended, without publishing the notice of sale in the newspapers if the assessed value of the property does not exceed one thousand pesos, and publish­ing same in the Official Gazette if it exceeds said sum, and sending in any case the notice of sale to the debtor and the treasurer of the city or municipality where the property is located, by registered mail. If the highest bid­der in the sale is a person other than the creditor, the official conducting the sale may charge a commission on the money which passes through his hands at the rate fixed in such cases for the sheriff. REDEMPTION OF REAL PROPERTY

Read the full instrument → · Open the chapter this section belongs to: CHAPTER I. Establishment and Functions, Name, Domicile, and Duration →

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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