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JurisprudenceG.R. No. 278408 -

G.R. No. 278408 - REPUBLIC OF THE PHILIPPINES, VS. PHILIPPINE SAVINGS BANK.R E S O L U T I O N - Supreme Court E-Library

Cited Laws

RA 26,RA 26
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TL;DR — Ruling

WHEREFORE, the petition is hereby GRANTED. The Register of Deeds of Quezon City is directed to cancel and discharge the statutory lien pertaining to Section 7 of Republic Act No. 26 annotated at the back of TCT No. 004-2017004229 in the name of "PHILIPPINE SAVINGS BANK, A THRIFT BANKING INSTITUTION DULY ORGANIZED AND EXISTING UNDER AND VIRTUE OF THE LAWS OF THE PHILIPPINES" and to make the same ineffective and without force, upon payment of the prescribed fees.

Decision

Ruling

WHEREFORE, the petition is hereby GRANTED. The Register of Deeds of Quezon City is directed to cancel and discharge the statutory lien pertaining to Section 7 of Republic Act No. 26 annotated at the back of TCT No. 004-2017004229 in the name of "PHILIPPINE SAVINGS BANK, A THRIFT BANKING INSTITUTION DULY ORGANIZED AND EXISTING UNDER AND VIRTUE OF THE LAWS OF THE PHILIPPINES" and to make the same ineffective and without force, upon payment of the prescribed fees. SO ORDERED.