RA 11057 (Personal Property Security Act) Section 41

Section 41

SEC. 41. Procedure for Non-compliance with Demand. -If the secured creditor fails to comply with the demand within fifteen (15) working days after its receipt, the person giving the demand under Section 39 may ask the proper court to issue an order terminating or amending the notice as appropriate.

Read the full instrument → · Open the chapter this section belongs to: CHAPTER 5 →

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 41 (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).

Continue your research

RA 11057 (Personal Property Security Act), full textChapter navigation and full text, so you can read this section in contextPhilippines legislation Philippine Laws by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and year CHAPTER 5 — read this in contextThe surrounding text of the act in order, so you can see what comes before and afterChapters and sections