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RA 11057 (Personal Property Security Act) Section 32

Amendment of Notice.

Section 32

SEC. 32. Amendment of Notice. - (a) A notice may be amended by the registration of an amendment notice that: (1) Identifies the initial notice by its registration number; and (2) Provides the new information. (b) An amendment notice that adds collateral that is not proceeds must be authorized by the grantor in writing. (c) An amendment notice that adds a grantor must be authorized by the added grantor in writing. (d) An amendment notice shall be effective only as to each secured creditor who authorizes it. (e) An amendment notice that adds collateral or a grantor shall be effective &a to the added collateral or grantor from the date of its registration.

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Other provisions in CHAPTER 5

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 32 (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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