Civil Code · Book IV: Obligations and Contracts · Title XVI: Pledge, Mortgage and Antichresis

Article 2102

Chapter 2: Pledge

Unamended since 1950

Current text, as of October 24, 2026

If the pledge earns or produces fruits, income, dividends, or interests, the creditor shall compensate what he receives with those which are owing him; but if none are owing him, or insofar as the amount may exceed that which is due, he shall apply it to the principal. Unless there is a stipulation to the contrary, the pledge shall extend to the interest and earnings of the right pledged.

In case of a pledge of animals, their offspring shall pertain to the pledgor or owner of animals pledged, but shall be subject to the pledge, if there is no stipulation to the contrary. (1868a)

Personal Property Security Act (2018)

RA 11057 repealed, amended or modified this article where inconsistent with the Personal Property Security Act, which now governs security interests over personal property through a centralized registry.

Read RA 11057 →

Consolidated by Alleba from the text of Republic Act No. 386 (Lawphil and the Supreme Court E-Library). Book I provisions on marriage, family relations and parental authority were repealed by the Family Code (Executive Order No. 209, 1987) and are shown for reference only. For information and research only, and not legal advice. For certified copies, refer to the Official Gazette or the issuing agency.