SEQUESTRATION OR JUDICIAL DEPOSIT
Art. 2005. A judicial deposit or sequestration takes place when an attachment or seizure of property in litigation is ordered. (1785)
Art. 2006. Movable as well as immovable property may be the object of sequestration. (1786)
Art. 2007. The depositary of property or objects sequestrated cannot be relieved of his responsibility until the controversy which gave rise thereto has come to an end, unless the court so orders. (1787a)
Art. 2008. The depositary of property sequestrated is bound to comply, with respect to the same, with all the obligations of a good father of a family. (1788)
WHEN JUDICIAL DEPOSIT TAKES PLACE
A deposit may be constituted judicially or extrajudicially
Takes place when an attachment or seizure of property in litigation is ordered by the court
NATURE AND PURPOSE OF JUDICIAL DEPOSIT
Judicial deposit is auxiliary to a case pending in court
Purpose is to maintain the status quo during the pendency of the litigation or to insure the rights of the parties to the property in case of a favorable judgment
OBLIGATION OF DEPOSITARY OF SEQUESTRATED PROPERTY
The depositary of sequestered property is the person appointed by the court
He has the obligation to take care of the property with diligence of a good father of a family and he may not be relieved of his responsibility until the litigation is ended or the court so orders
Art. 2009. As to matters not provided for in this Code, judicial sequestration shall be governed by the Rules of Court. (1789)
APPLICABLE LAW
The law on judicial deposit is remedial and the Rules of Court is thus applicable
Rule 57 on preliminary attachment, Rule 59 on receivership, and Rule 60 on replevin