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Law No. 49 “On mortgage”.

Country/Territory
Kyrgyzstan
Document type
Legislation
Date
2005 (2007)
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Agricultural land Ownership Contract/agreement
Geographical area
Asia, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia
Entry into force notes
This Law enters into force on the date of its official publication.
Abstract

This Law establishes the basic provisions on mortgage, including mortgage of land, subsoil, forest, waterbodies and perennial plants, registration of mortgage and registration of rights to mortgaged property. The Act consists of 5 Sections divided into 86 articles: (1) general provisions; (2) types of mortgage; (3) levy of execution to mortgaged property; (4) protection against entrenchment on a right to mortgaged property; and (5) conclusive provisions. Pledgeholders of agricultural land in accordance with mortgage contracts shall be banks and financial and credit institutions licensed by the National bank. Pledgers of agricultural land shall be citizens of Kyrgyzstan that have ownership right to agricultural land.

Full text
Russian
Website
www.minjust.gov.kg