Text of the provision
Art. 2116. After the public auction, the pledgee shall promptly advise the pledgor or owner of the result thereof.
(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 pledgee must promptly advise the pledgor/owner of the result of the auction.
Related provisions
- Article 2115 — Sale Extinguishes the Obligation (No Deficiency).
- Article 2117 — Third Person's Right to Satisfy the Debt.
Cases interpreting this article
- Authorities on this article will be added here as each is verified against primary sources.
Note. The text of the provision above is reproduced in full from the official enactment (Republic Act No. 386), verified against the LawPhil and ChanRobles renderings. The annotation and commentary around it are the work of Vivas & Nobles Law Office and are general legal information, not legal advice. How a provision applies to a particular situation depends on facts that only a lawyer reviewing your case can assess.