Text of the provision
Sec. 21. Judgment obligee as purchaser. — When the purchaser is the judgment obligee, and no third- party claim has been filed, he need not pay the amount of the bid if it does not exceed the amount of his judgment. If it does, he shall pay only the excess.
2019 Rules of Civil Procedure (A.M. No. 19-10-20-SC), Rule 39, Section 21. Reproduced verbatim and verified word-for-word against the Supreme Court's official text and the ChanRobles rendering.
About this section
This is Section 21 of Rule 39 (Execution, Satisfaction And Effect Of Judgments) of the 2019 Rules of Civil Procedure, the rules promulgated by the Supreme Court in A.M. No. 19-10-20-SC and in force since May 1, 2020. The text above is reproduced verbatim from the current rules.
Related provisions
- Section 20 — Refusal of purchaser to pay.
- Section 22 — Adjournment of sale.
Cases citing this section
- Authorities on this section will be added here as each is verified against primary sources.
Note. The text above is reproduced in full from the 2019 Rules of Civil Procedure (A.M. No. 19-10-20-SC), verified against the Supreme Court's official publication and the ChanRobles rendering. The framing around it is general legal information, not legal advice. How a rule applies to a particular case depends on facts that only a lawyer reviewing your matter can assess.