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Civil Code, Art. 2124

Mortgage · Formerly Art. 1874a of the old Civil Code

Statute
Civil Code
Article
Art. 2124
Topic
Mortgage
Status
In force
Book
BOOK IV Obligations and Contracts
Title
TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS
Chapter
CHAPTER 3 Mortgage
Formerly
Art. 1874a of the old Civil Code
Year
1949

The provision

Only the following property may be the object of a contract of mortgage: (1) Immovables; (2) Alienable real rights in accordance with the laws, imposed upon immovables. Nevertheless, movables may be the object of a chattel mortgage. (1874a)

Civil Code, Art. 2124 is found in CHAPTER 3 Mortgage of TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.