Registration of Contract of Agency and its Revocation
Act No. 3318, enacted on December 4, 1926, mandates the registration of contracts of agency and their revocations to ensure their validity against third parties. Both the agency contracts and their revocations must be filed with the local register of deeds, and revocations must be documented in a public form with a certified copy provided to the agent. Additionally, registers of deeds are required to forward copies of these documents to the Bureau of Commerce and Industry and maintain a record of all such registrations, charging a fee of five pesos per document. This law is effective upon approval.
Quick Answers
- What is Registration of Contract of Agency and its Revocation about?
- Act No. 3318, enacted on December 4, 1926, mandates the registration of contracts of agency and their revocations to ensure their validity against third parties. Both the agency contracts and their revocations must be filed with the local register of deeds, and revocations must be documented in a public form with a certified copy provided to the agent. Additionally, registers of deeds are required to forward copies of these documents to the Bureau of Commerce and Industry and maintain a record of all such registrations, charging a fee of five pesos per document. This law is effective upon approval.
- What type of law is Act No. 3318?
- Registration of Contract of Agency and its Revocation (Act No. 3318) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Registration of Contract of Agency and its Revocation enacted?
- Registration of Contract of Agency and its Revocation (Act No. 3318) was enacted on Dec 4, 1926.
- What is the citation for Registration of Contract of Agency and its Revocation?
- Registration of Contract of Agency and its Revocation, Act No. 3318, Dec 4, 1926 (Philippines)
Law Information
- Reference Number
- Act No. 3318
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 4, 1926
ACT NO. 3318
AN ACT TO PROVIDE FOR THE REGISTRATION OF EVERY CONTRACT OF AGENCY AND ITS REVOCATION IN ORDER THAT IT MAY BE VALID FOR OR AGAINST THIRD PARTIES, THE MANNER IN WHICH THE REVOCATION OF AGENCY MUST BE MADE, AND FOR OTHER PURPOSES
SECTION 1. Every contract of civil or commercial agency and every revocation thereof must be registered in the office of the register of deeds of the province where it has been made, and in the province or provinces where it may be desired to record any instrument or contract or where such instrument or contract has been recorded by the principal, in order that it may be valid for or against third parties.
SECTION 2. The revocation of an agency must be made in a public document and a certified copy thereof served on the agent.
SECTION 3. The register of deeds of Manila shall, within five days from the date of such registration, send to the Bureau of Commerce and Industry a certified copy of any contract of commercial agency or revocation thereof which may have been recorded in the office of said register of deeds of Manila.
SECTION 4. The registers of deeds of the provinces shall, within five days from the date of registration, send a certified copy of every instrument of agency or revocation thereof registered, to the office of the register of deeds of Manila in case of a civil agency, and to the Bureau of Commerce and Industry in case of a commercial agency.
SECTION 5. Every register of deeds shall keep a register for the recording of instruments of agency and revocation thereof and other documents connected therewith, and shall charge the sum of five pesos as registration fees for each such document.
SECTION 6. This Act shall take effect on its approval.
Approved, December 4, 1926.
Cite This Law
Registration of Contract of Agency and its Revocation, Act No. 3318, Dec 4, 1926 (Philippines)
Registration of Contract of Agency and its Revocation, Act No. 3318 (Phil. 1926)
Related Laws
- Revised Rules and Regulations on Accreditation/Registration of Freight Forwarders, NVOCC, Cargo Consolidators and Breakbulk AgentsIRR of EO 514 s. 1992 • Nov 27, 1992 • Implementing Rules and Regulations
- Constitution of Inter-Agency Committee to Regulate Importation of Used Trucks and EnginesLetter of Instructions No. 1053 • Aug 5, 1980 • Presidential Issuances
- New Rules and Regulations to Implement the Provisions of Republic Act No. 5980 (The Financing Company Act), as AmendedIRR of RA 5980 • Oct 16, 1991 • Implementing Rules and Regulations
- Creation of a Contract Review CommitteeLetter of Instructions No. 646 • Dec 22, 1977 • Presidential Issuances
- Omnibus Guidelines on the Registration and Licensing of Social Welfare and Development Agencies, as amendedDSWD Administrative Order No. 6-05 • Other Rules and Procedures
- Implementing Rules and Regulations of RA 10591 (Comprehensive Firearms and Ammunition Regulation Act)IRR of RA 10591 • May 29, 2013 • Implementing Rules and Regulations
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law