Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Moveable and Immovable Property Act of the Kingdom of Bhutan, 1999.

Country/Territory
Bhutan
Document type
Legislation
Date
1999
Source
FAO, FAOLEX
Long title
An Act relating to loans, mortgages and other security interests in moveable and immovable property.
Subject
Land & soil
Keyword
Land tenure Agricultural land Traditional rights/customary rights Contract/agreement Registration Cadastre/land registration Credit
Geographical area
Asia, Asia and the Pacific, Landlocked Developing Nations, Least Developed Countries, Southern Asia
Abstract

A basic Act relating to loans, mortgages and other security interests in moveable and immovable property. Part V lays down provisions relating to mortgages or moveable and immoveable property, including agricultural land and it is established where the mortgaged property is agricultural land and the balance of such lands remaining in the possession of the mortgagor is less than five acres, and default has been made in making any payment of principal or interest due under the mortgage agreement, or in the observance of any covenant in a mortgage agreement, no rights of a mortgagee under the mortgage agreement or third Part are enforceable without prior permission of the Court.

Full text
English/Dzongkha
Website
www.nab.gov.bt