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Removal, sale, pledge of mortgaged property, A319 Revised Penal Code

Removal of mortgaged property refers to the offense of knowingly removing personal property mortgaged under the Chattel Mortgage Law to any province or city other than the one in which it was located at the time of the execution of the mortgage, without the written consent of the mortgagee, or the latter’s executors, administrators or assigns.

1. Concept

Removal of mortgaged property – refers to the offense of knowingly removing personal property mortgaged under the Chattel Mortgage Law to any province or city other than the one in which it was located at the time of the execution of the mortgage, without the written consent of the mortgagee, or the latter’s executors, administrators or assigns.

Sale of mortgaged property – refers to the offense of selling a personal property already pledged, or any part thereof, under the terms of the Chattel Mortgage Law, without consent of the mortgagee written on the back of the mortgage and noted on the record thereof in the office of the Register of Deeds of the province where such property is located.

Sale of mortgaged property – refers to the offense of pledging a personal property already pledged, or any part thereof, under the terms of the Chattel Mortgage Law, without consent of the mortgagee written on the back of the mortgage and noted on the record thereof in the office of the Register of Deeds of the province where such property is located.

a. Legal basis

Article 319. Removal, sale or pledge of mortgaged prop...

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