Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Law No. 2654-XII “On pawn”.

Country/Territory
Ukraine
Document type
Legislation
Date
1992 (2013)
Source
FAO, FAOLEX
Subject
Agricultural & rural development, General
Keyword
Governance Internal trade Property rights Agricultural commodities Financial agricultural measures
Geographical area
Black Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia
Entry into force notes
This Law enters into force on the date of its official publication.
Abstract

This Law establishes that pawn shall be intended to secure of obligations if otherwise is not envisaged by the acting legislation. Due to pawn and in accordance therewith creditor (pledge holder) in case of non-compliance of a pledger with obligations originating from pawn shall have the right to secure the value of the pawn through property of the pledger on preferential terms by contrast with other creditors. Pawn shall be regulated by contracts. The object of pledge can be commodities, future harvest, animal yield etc. Envisaged by pawn contract. The Parties of pawn contract can be natural persons, legal persons and the state.

Full text
Ukrainian
Website
zakon1.rada.gov.ua