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Secured Transactions in Movable Assets Act, 2017.

País/Territorio
Nigeria
Tipo de documento
Legislación
Fecha
2017
Fuente
FAO, FAOLEX
Título completo
An Act to provide for secured transactions, registration and regulation of security interests in movable assets; and for related matters.
Materia
Agricultura y desarrollo rural
Palabra clave
Desarrollo agrícola Crédito Contrato/acuerdo Productos agrícolas Negocios/industria/corporaciones Medidas financieras agrícolas
Área geográphica
Africa, Atlántico Norte, Africa Occidental
Resumen

This Act provides for creation of secured transactions, and registration and regulation of security interests in movable assets (all security interests in movable assets created by an agreement that secures payment or the performance of an obligation). The objectives of this Act are to: (a) enhance financial inclusion in Nigeria; (b) stimulate responsible lending to micro, small and medium enterprises; (c) facilitate access to credit secured with movable assets; (d) facilitate perfection of security interests in movable assets; (e) facilitate realization of security interests in movable assets; and (f) establish a collateral registry and provide for its operations. The Act does not apply to the creation or transfer of an interest in land other than account receivables. The Act defines rights and duties of a grantor, borrower and creditor.

Texto completo
Inglés
Página web
www.nassnig.org