RA 11057 (Personal Property Security Act) Section 22

Effect of the Grantor's Insolvency on the Priority of a Security Interest.

Section 22

SEC. 22. Effect of the Grantor's Insolvency on the Priority of a Security Interest. - Subject to the applicable insolvency law, a security interest perfected prior to the commencement of insolvency proceedings in respect of the grantor shall remain perfected and retain the priority it. had before the commencement of the insolvency proceedings.

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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 22 (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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