RA 11057 (Personal Property Security Act) Section 42

Compulsory Amendment or Termination by Court Order.

Section 42

SEC. 42. Compulsory Amendment or Termination by Court Order. - (a) The court may, on application by the grantor, issue an order that the notice be terminated or amended in accordance with the demand, which order shall be conclusive and binding on the LRA: Provided, That the secured creditor who disagrees with the order of the court may appeal the order. (b) The court may make any other order it deems proper for the purpose of giving effect to an order under subsection (a) of this section. (c) The LRA shall amend or terminate a notice in accordance with a court order made under subsection (a) of this section as soon as reasonably practicable after receiving the order.

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 42 (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