Text of the provision
Art. 2243. The claims or credits enumerated in the two preceding articles shall be considered as mortgages or pledges of real or personal property, or liens within the purview of legal provisions governing insolvency. Taxes mentioned in No. 1, article 2241, and No. 1, article 2242, shall first be satisfied.
(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 claims in the two preceding articles are to be satisfied preferentially out of the specific property, subject to Article 2242 — but taxes and assessments upon the immovable are paid first of all.
Questions about this provision
Related provisions
- Article 2242 — Preferred Credits on Specific Immovables.
- Article 2244 — Order of Preference on Other Property.
Cases citing this article
- Strategic Alliance Development Corporation vs. Radstock Securities Limited and Philippine National Construction corporation, G.R. No. 178158 / G.R. No. 180428, December 4, 2009 — read the decision on LawPhil →
- Manuel D. Yngson, Jr., (in his capacity as the Liquidator of ARCAM & Co., Inc.) vs. Philippine National Bank, G.R. No. 171132, August 15, 2012 — read the decision on LawPhil →
- Maricalum Mining Corp. vs. Remington Industrial Sales Corp, G.R. No. 158332, February 11, 2008 — read the decision on LawPhil →
- Development Bank of the Philippines vs. Hon. Court of Appeals, et al, G.R. No. 126200, August 16, 2001 — read the decision on LawPhil →
- J.L. Bernardo Construction, et al. vs. Court of Appeals, et al, G.R. No. 105827, January 31, 2000 — 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.