Text of the provision
Sec. 17. Recovery upon the counter. — bond. – When the judgment has become executory, the surety or sureties on any counter-bond given pursuant to the provisions of this Rule to secure the payment of the judgment shall become charged on such counter-bond and bound to pay the judgment obligee upon demand the amount due under the judgment, which amount may be recovered from such surety or sureties after notice and summary hearing in the same action.
2019 Rules of Civil Procedure (A.M. No. 19-10-20-SC), Rule 57, Section 17. Reproduced verbatim and verified word-for-word against the Supreme Court's official text and the ChanRobles rendering.
About this section
This is Section 17 of Rule 57 (Preliminary Attachment) 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 16 — Balance due collected upon an execution; excess delivered to judgment obligor.
- Section 18 — Disposition of money deposited.
Cases citing this section
- Authorities on this section will be added here as each is verified against primary sources.