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Online PMES - What is Possessory Document?

Online PMES - What is Possessory Document?

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Published by BLP Cooperative

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Categories:Types, Business/Law
Published by: BLP Cooperative on Sep 08, 2012
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09/18/2012

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Pre Membership Education Seminar

BLP MULTI-PURPOSE COOPERATIVE
Series of 2012

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POSSESSORY DOCUMENT –
A prima facie evidence of the fact that the possessor of the land to which it refers has actual possession. [Moreno’s Law Dict., 2000 Ed., p. 351].
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POSSESSORY DOCUMENT RIGHTS if there is NO conveyance thru DEED OF ABSOLUTE SALE (DOAS) or DEED OF DONATION (DOD).

POSSESSORY DOCUMENT OWNERSHIP if there is a conveyance thru DEED OF ABSOLUTE SALE (DOAS) or DEED DONATION (DOD).

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BLP COOP issues POSSESSORY DOCUMENT to members / beneficiaries by virtue of ABSOLUTE OWNERSHIP:
• Article 428. The owner has the right to enjoy and dispose of a thing, without other limitations than those established by law. R.A. 386 – CIVIL CODE OF THE PHILIPPINES
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• HISTORY OF CONVEYANCE BY VIRTUE OF DEED OF ABSOLUTE SALE (DOAS)
FROM DON DOMINGO DE OCAMPO (OCT 779) >> GUILLERMO DE OCAMPO (OCT 779) SOLE SURVIVOR HEIR >> ENGR. CHARLIE CARABAÑA (OCT 779) >> ANG BAGONG LAHING PILIPINO DEVELOPMENT FOUNDATION, INC. represented by PRESIDENT / CHAIRMAN DR. ALMIRANTE “ALVIN” G. BERSALES, PH.D. (OCT 779 > TCT-8982, TCT-8983 and TCT-8984 . . .)
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• Article 521. The goodwill of a business is property, and may be transferred together with the right to use the name under which the business is conducted. (n), R.A. 386 – CIVIL CODE OF THE PHILIPPINES • Article 523. Possession is the holding of a thing or the enjoyment of a right. (430a)
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• Article 525. The possession of things or rights may be had in one of two concepts: either in the concept of owner, or in that of the holder of the thing or right to keep or enjoy it, the ownership pertaining to another person. (432) R.A. 386 – CIVIL CODE OF THE PHILIPPINES

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• ARTICLES of COOPERATION and BY-LAWS of BLP MULTI-PURPOSE COOPERATIVE • AUTONOMOUS POWER OF COOPERATIVE, R.A. 5185 – AN ACT GRANTING AUTONOMOUS POWER TO LOCAL GOVERNMENT ceded under Art. 4 (4) R.A. 9520 • R.A. 7160 – LOCAL GOVERNMENT CODE OF 1991 ceded under R.A. 9520 – PHILIPPINE COOPERATIVE CODE OF 2008
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