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Real Property Trust Instruments Act.

Country/Territory
Marshall Islands
Document type
Legislation
Date
1987 (2006)
Source
FAO, FAOLEX
Long title
An Act to establish the procedures relating to real property trust instruments in the Republic.
Subject
Land & soil
Keyword
Land tenure Land based credit Legal proceedings/administrative proceedings Registration
Geographical area
Oceania
Abstract

A trust of any interest in real property may be created to secure the performance of an obligation or the payment of any debt. The encumbrance of real property interests to secure obligations may be by deed of trust pursuant to the provisions of this Act. A transfer does not entitle the trustee or beneficiary to the possession of the property, except as provided in this Act. A deed of trust shall be created, renewed, modified or extended only in writing and must be registered with the Clerk of t

Full text
English
Website
www.paclii.org