Text of the provision
Art. 1974. The depositary may change the way of the deposit if under the circumstances he may reasonably presume that the depositor would consent to the change if he knew of the facts of the situation. However, before the depositary may make such change, he shall notify the depositor thereof and wait for his decision, unless delay would cause danger.
(n)
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
The depositary may change the manner of deposit only if he can reasonably presume the depositor would consent — and he must first notify the depositor and await a decision, unless delay would cause danger.
Related provisions
- Article 1973 — No Sub-Deposit Without Consent.
- Article 1975 — Interest-Bearing Instruments Deposited.
Cases interpreting this article
- Authorities on this article will be added here as each is verified against primary sources.