Republic Acts1 min read
Section 19Sec./Art. 19
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Priority for Instruments and Negotiable Documents. -A security interest in an instrument or negotiable document that is perfected by possession of the instrument or the negotiable document shall have priority over a security interest in the instrument or negotiable document that is perfected by registration of a notice in the Registry.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.