An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents
Act No. 2458, enacted on February 3, 1915, establishes procedures for the registration of commercial documents in the Philippines. It mandates the Registers of Deeds to maintain a daybook for recording the details of these documents, including the time and date of presentation, as well as the names of the parties involved. The Act also prescribes a fee schedule for various types of registrations and entries, including fees for business partnerships based on capital. Additionally, it repeals any inconsistent laws or regulations in effect prior to its passage.
Quick Answers
- What is An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents about?
- Act No. 2458, enacted on February 3, 1915, establishes procedures for the registration of commercial documents in the Philippines. It mandates the Registers of Deeds to maintain a daybook for recording the details of these documents, including the time and date of presentation, as well as the names of the parties involved. The Act also prescribes a fee schedule for various types of registrations and entries, including fees for business partnerships based on capital. Additionally, it repeals any inconsistent laws or regulations in effect prior to its passage.
- What type of law is Act No. 2458?
- An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents (Act No. 2458) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents enacted?
- An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents (Act No. 2458) was enacted on Feb 3, 1915.
- What is the citation for An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents?
- An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents, Act No. 2458, Feb 3, 1915 (Philippines)
Law Information
- Reference Number
- Act No. 2458
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
February 3, 1915
ACT NO. 2458
AN ACT AUTHORIZING THE REGISTERS OF DEEDS OF THE PHILIPPINE ISLANDS TO OPEN A DAYBOOK IN THEIR OFFICES FOR COMMERCIAL REGISTRY AND PRESCRIBING THE FEES TO BE PAID WITH REGARD TO COMMERCIAL DOCUMENTS
SECTION 1. Hereafter the registers of deeds of the Philippine Islands shall open a daybook in their offices in which they shall enter the hour and minute, date, month, and year of the commercial documents presented for registration, and the names of the persons executing said documents, as well as the name of the person presenting the same. cEaSHC
SECTION 2. The following fees shall be paid for the registration and entry of each commercial document in the office of the register of deeds:
For the presentation of a document, fifty centavos.
For each entry made in the book of merchants not mentioned in the following paragraphs, ten pesos.
For the entry of a change of any circumstance relating to a private merchant, two pesos.
For the entry of powers of attorney and of substitutions, modifications, and renewals of the same, five pesos.
For entries of dowries, articles of marriage, or paraphernal property, ten pesos.
For the first entry of any business partnership or association, the fees designated in the following schedule:
If the capital of said business partnership or association does not exceed ten thousand pesos, ten pesos; if it exceeds ten thousand, one peso for each thousand or fraction thereof in excess of the first ten thousand: Provided, That the maximum fee which may be charged for the first entry, whatever the amount of the capital may be, is three hundred pesos.
For entries made in the book of associations not mentioned in the foregoing paragraphs, five pesos.
For the exhibition of any registered document, one peso.
For a literal certificate of entries, first page, one peso; and subsequent pages, fifty centavos each.
For certificate of any entry, three pesos.
For any negative certificate, two pesos.
SECTION 3. The schedule prescribed by the Real Audiencia de Manila on December twenty-first, eighteen hundred and eighty-eight, and all Acts, laws, or regulations, or parts thereof, inconsistent with the provisions of this Act, are hereby repealed.
SECTION 4. This Act shall take effect on its passage. SaIHDA
Enacted, February 3, 1915.
Cite This Law
An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents, Act No. 2458, Feb 3, 1915 (Philippines)
An Act Authorizing the Registers of Deeds of the Philippine Islands to Open a Daybook in their Offices for Commercial Registry and Prescribing the Fees to be Paid with Regard to Commercial Documents, Act No. 2458 (Phil. 1915)
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