RA 11057 (Personal Property Security Act) Section 56

Creation of Prior Interest.

Section 56

SEC. 56. Creation of Prior Interest. - (a) Creation of prior interest shall be determined by prior law. (b) A prior interest remains effective between the parties notwithstanding its creation did not comply with the creation of this Act.

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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 56 (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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