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RA 3700 Section 50

RA 3700 Section 50

Section 50

SEC. 50. Sale of seized personal property.&mdashUnless redeemed as hereinbefore provided, the property seized through proceedings under Section forty-seven hereof, shall, after due advertisement, be exhibited for sale at public auction and so much of the same as shall satisfy the tax, penalty and cost of seizure and sale shall be sold to the highest bidder. The purchaser at such shall acquire an indefeasible title to the property sold. The advertisement shall state the time, place and cause of sale and be posted for ten days prior to the date of the auction, at the main entrance of the city hall and at a public conspicuous place in the district where the property was seized. The sale shall take place, at the discretion of the city treasurer or his deputy, either at the main entrance of the city hall or at the district where the property was seized. If no satisfactory bid is offered in the aforementioned places, another auction shall be had upon notice published anew.

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Other provisions in RA 3700

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 3700 Section 50 (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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