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.
(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)
(2) Shares of stock of agricultural, commercial and industrial entities, although they may have real estate. (336a)
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)
• Chapter II – Movable Property, Title I, Book II, Republic Act No. 386, Civil Code
/Updated: November 21, 2023