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Property Bond; How Posted


Section 9. Amount of bail; guidelines

The Judge Shall Fix A Reasonable Amount Of Bail Considering Primarily,
But Not Limited To The Following Factors:
a. Financial ability of the accused to give bail;
b. Nature and circumstances of the offense;
c. Penalty for the offense charged;
d. Character and reputation of the accused;
e. Age and health of the accused;
f. Weight of the evidence against the accused;
g. Probability of the accused appearing at the trial;
h. Forfeiture of other bail;
i. The fact that the accused was a fugitive from justice when arrested; and
j. Pendency of other cases where the accused is on bail.


Section 10. Corporate Surety

Any domestic or foreign corporation, licensed as surety in accordance
with law and currently authorized to act as such, may provide bail by
bond subscribed jointly by the accused and an officer of the corporation
duly authorized by the board of directors.

The term of the bail bond is not dependent upon faithful payment of
the bond premium.


Section 11. Property bond; how posted

PROPERTY BOND
   - It is an undertaking constituted as a lien on the real property
     given as security for the amount of the bail.

Within 10 days after the approval of the bond, the accused shall
annotate the lien on the certificate of title with the Registry of Deeds
and on the corresponding tax declaration in the office of the provincial,
city and municipal assessor concerned.

Failure to do so shall be sufficient cause for cancellation of the
property bond and his re-arrest and detention.


Section 12. Qualifications of sureties in property bond

QUALIFICATIONS:
a. Each must be a resident owner of real property within the Philippines;
b. Where there is only one surety, his real estate must be worth at
   least the amount of the undertaking;
c. If there are two or more sureties, each may justify in an amount
   less than that expressed in the undertaking but the aggregate of
   the justified sums be equivalent to the whole amount of the bail
   demanded.
d. Every surety must be worth the amount specified in his own
   undertaking over and above all just debts, obligations and
   properties exempt from execution.






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Bigwas

I'm Bigwas, It is just an Alias. I have a degree in Criminology. I'm a blogger who loves to write about anything that cross my mind. I hope you learn something from my blog.

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