Friday, December 02, 2011

Land Bank of the Philippines vs. Heir of Trinidad S. Vda. De Arieta. G.R. No. 161834, August 11, 2010.

Agrarian reform; deposit of provisional compensation. The amount of provisional compensation that the Land Bank of the Philippines (LBP) is required to deposit in the name of the landowner if the latter rejects the offer of compensation of the Department of Agrarian Reform (DAR) under Section 16 of Republic Act No. 6657 should be the LBP’s initial valuation of the land and not, as respondent argues, the sum awarded by DAR’s adjudication bodies as compensation in a summary administrative proceeding. The deposit of such provisional compensation must be made even before the summary administrative proceeding commences, or at least simultaneously with it, once the landowner rejects the initial valuation of the LBP. Such deposit results from the landowner’s rejection of the DAR offer (based on the LBP’s initial valuation). Both the conduct of summary administrative proceeding and deposit of provisional compensation follow as a consequence of the landowner’s rejection.Land Bank of the Philippines vs. Heir of Trinidad S. Vda. De Arieta. G.R. No. 161834, August 11, 2010.

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