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Secured Transactions in Movable Assets Act, 2017.

Pays/Territoire
Nigéria
Type du document
Législation
Date
2017
Source
FAO, FAOLEX
Titre complet
An Act to provide for secured transactions, registration and regulation of security interests in movable assets; and for related matters.
Sujet
Agriculture et développement rural
Mot clé
Développement agricole Crédit Contrat/accord Produits agricoles Commerce/industrie/sociétés Mesures financières agricoles
Aire géographique
Afrique, Atlantique Nord, Afrique de l'Ouest
Résumé

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.

Texte intégral
Anglais
Site web
www.nassnig.org