Personal or movable property, A416-418 Civil Code

1. Concept

Personal property or movable property – under the Civil Code, refers to property that is movable or all things that can be transferred from one place to another without damaging real property where such personal/movable property may be fixed.

a. Legal basis

Article 416. The following things are deemed to be personal property:

(1) Those movables susceptible of appropriation which are not included in the preceding article;

(2) Real property which by any special provision of law is considered as personalty;

(3) Forces of nature which are brought under control by science; and

(4) In general, all things which can be transported from place to place without impairment of the real property to which they are fixed. (335a)

Article 417. The following are also considered as personal property:

(1) Obligations and actions which have for their object movables or demandable sums; and

(2) Shares of stock of agricultural, commercial and industrial entities, although they may have real estate. (336a)

(Civil Code)

2. Classifications of personal/movable properties

Article 418. Movable property is either consumable or nonconsumable. To the first class belong those movables which cannot be used in a manner appropriate to their nature without their being consumed; to the second class belong all the others. (337)

(Civil Code)

References

• Chapter II – Movable Property, Title I, Book II, Republic Act No. 386, Civil Code

—

/Updated: November 21, 2023