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RA 11057 (Personal Property Security Act) Section 21

RA 11057 (Personal Property Security Act) Section 21

Transferee Exceptions.

Section 21

SEC. 21. Transferee Exceptions. — Any party who obtains, in the ordinary course of business, any movable property containing a security interest shall take the same free of such security interest provided he was in. good faith. No such good faith shall exist if the security interest in the movable property was registered prior to his obtaining the property.

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Other provisions in CHAPTER 4

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

CitationRA 11057 (Personal Property Security Act) Section 21 (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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