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Personal Property Securities Act 2010 (No. 33 of 2010).

Country/Territory
Tonga
Document type
Legislation
Date
2010
Source
FAO, FAOLEX
Original source
Tonga Sessional Legislation.
Long title
An Act to facilitate business and consumer credit by providing rules on attachment, priority, publicity and enforcement of security interests in personal property, and related matters.
Subject
Agricultural & rural development, Land & soil
Keyword
Agricultural development Credit Legal proceedings/administrative proceedings Registration Lease
Geographical area
Asia and the Pacific, Oceania, Polynesia, Small Island Developing States, South Pacific
Abstract

This Act makes provision with respect to: all transactions where the effect is to secure an obligation with collateral, including pledge, hire-purchase, conditional sale, company charge, chattel mortgage, assignment, and the like; (b) the sale of accounts and chattel paper; (c) consignments; (d) the lease of goods for a period greater than one year; (e) a security interest in a building or other improvement to real property, and to the rental of a building or other improvement to real property for a period greater than one year; and (f) the interest of a lien holder in collateral. The Act concerns, among other things, establishment, registration and execution of a security interest. Goods shall be include quipment, inventory, farm products or consumer goods at the time that a security interest attaches to the goods. “farm products” means goods produced or to be produced by a debtor engaged in farming, other than timber.

Full text
English
Website
legislation.to

References - Legislation

Implemented by

Personal Property Securities Regulations 2011.

Legislation | Tonga | 2011

Keyword: Agricultural development, Credit, Registration

Source: FAO, FAOLEX