<--!04212015-->A.M. No. 04-7-02-SC

April 21, 2015

EN BANC

A.M. No. 04-7-02-SC

NOTICE

Sirs/Mesdames :

Please take notice that the Court en banc issued a Resolution dated April 21, 2015, which reads as follows:

"A.M. No. 04-7-02-SC (Re: Guidelines on Corporate Surety Bonds). — The Court Resolved, upon the recommendation of the Office of the Court Administrator (OCA), to

(a) NOTE the Letter dated November 27, 2014 of Presiding Judge Nicolas-Cavito, Branch 25, Regional Trial Court, Cabanatuan City;

(b) CLARIFY that the obligation on the part of the accused/defendant to pay the annual premium necessary for the renewal of the surety bond previously approved by the court remains;

(c) AMEND the phrase 'Unless and until the Supreme Court directs otherwise' appearing in the first paragraph of Section VII of A.M. No. 04-7-02-SC to read as 'Unless and until the court concerned directs otherwise';

(d) AMEND the second paragraph of Section VII of A.M. No. 04-7-02-SC to include the following statement: 'If the surety company seeks to be discharged from its obligation because of the failure/refusal of the accused/defendant to pay the premiums, it shall make the same notice within ten (10) days from the occurrence of such fact and the court shall decide accordingly';

(e) AUTHORIZE the OCA to issue the corresponding circular for the information of all court officials and personnel; and

(f) DIRECT the OCA to formally furnish the Office of the Clerk of Court En Banc with a copy of the aforesaid circular for attachment to the rollo." (adv31) ETHIDa

Very truly yours,

 

(SGD.) ENRIQUETA E. VIDALClerk of Court