Text of the provision
Art. 1454. If an absolute conveyance of property is made in order to secure the performance of an obligation of the grantor toward the grantee, a trust by virtue of law is established. If the fulfillment of the obligation is offered by the grantor when it becomes due, he may demand the reconveyance of the property to him.
Civil Code of the Philippines, Republic Act No. 386, approved June 18, 1949, effective August 30, 1950. Reproduced in full; verified verbatim against the LawPhil and ChanRobles official-text renderings.
What this article means
When an absolute conveyance is made to secure an obligation, a trust arises by law; on tendering performance when due, the grantor may demand reconveyance — another equitable-mortgage doctrine.
Related provisions
- Article 1453 — Trust From a Declared Intention to Hold.
- Article 1455 — Fiduciary's Misuse of Trust Funds.
Cases citing this article
- National Power Corporation vs Socorro T. Posada, Renato Bueno, Alice Balin, Adrian Tablizo, et al, G.R. No. 191945, March 11, 2015 — read the decision on LawPhil →
- Mactan-Cebu International Airport Authority (MCIAA) and Air Transportation Office (ATO) vs. Bernardo Lozada, et al, G.R. No. 176625, February 25, 2010 — read the decision on LawPhil →
- Heirs of TImoteo Moreno, et al. vs. Mactan-Cebu International Airport Authority, G.R. No. 156273, October 15, 2003 — read the decision on LawPhil →
Compiled automatically from Supreme Court decisions published on LawPhil that expressly cite this article, most frequently cited first. A listing means the decision cites the provision — it is not a statement that the case is the leading authority, and it does not show whether a ruling has since been modified or abandoned. Always read the decision itself.