An Act Providing for The Verification Free of Charge by Justices of The Peace as Notaries Ex-Officio, and for Registration Free of Charge by Register of Deeds, of Instruments of Mortgage, Transfer or Incumbrance of Any Nature, Executed by a Member of a Cooperative Association In Favor of The Latter
Commonwealth Act No. 596, enacted on August 19, 1940, allows justices of the peace to provide free notarial services for members of cooperative associations when executing certain legal documents, such as mortgages or transfers, with values not exceeding two thousand pesos. Additionally, it mandates that registers of deeds also register these transactions without charge. The purpose of the Act is to facilitate the legal processes for cooperative members by reducing financial barriers. The law took effect immediately upon its approval.
Law Information
- Reference Number
- Commonwealth Act No. 596
- Date Enacted
- Category
- Statutes
- Subcategory
- Commonwealth Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 19, 1940
COMMONWEALTH ACT NO. 596
AN ACT PROVIDING FOR THE VERIFICATION FREE OF CHARGE BY JUSTICES OF THE PEACE AS NOTARIES EX-OFFICIO, AND FOR REGISTRATION FREE OF CHARGE BY REGISTER OF DEEDS, OF INSTRUMENTS OF MORTGAGE, TRANSFER OR INCUMBRANCE OF ANY NATURE, EXECUTED BY A MEMBER OF A COOPERATIVE ASSOCIATION IN FAVOR OF THE LATTER
SECTION 1. Any justice of the peace, as notary public ex officio, shall render service free of charge to any member of a cooperative association in administering the oath or in the acknowledgment of any deed of mortgage, sale, assignment, transfer, or incumbrance of any nature, executed by said member in favor of the association, when the value involved does not exceed two thousand pesos.
SECTION 2. Any register of deeds shall make proper entry in the books and records of his office, free of charge, of any instrument of mortgage, sale, assignment, transfer or incumbrance of any nature, executed by a member of a cooperative association in favor of the latter, when the value involved does not exceed two thousand pesos.
SECTION 3. This Act shall take effect upon its approval.
Approved, August 19, 1940.
Cite This Law
An Act Providing for The Verification Free of Charge by Justices of The Peace as Notaries Ex-Officio, and for Registration Free of Charge by Register of Deeds, of Instruments of Mortgage, Transfer or Incumbrance of Any Nature, Executed by a Member of a Cooperative Association In Favor of The Latter, Commonwealth Act No. 596, Aug 19, 1940 (Philippines)
An Act Providing for The Verification Free of Charge by Justices of The Peace as Notaries Ex-Officio, and for Registration Free of Charge by Register of Deeds, of Instruments of Mortgage, Transfer or Incumbrance of Any Nature, Executed by a Member of a Cooperative Association In Favor of The Latter, Commonwealth Act No. 596 (Phil. 1940)
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