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Section 1
Abbreviations and initials
(1) The name of this Act is "Secure Transactions Act, 2063". (2) This Act shall commence immediately.
Secured Transaction Act, 2063 (2006)
Preamble - 0
Chapter - 2
Section 4: Establishment of registered officeSection 5: Duties, Duties and Powers of Registered OfficeSection 6: Right of access to office informationSection 7: Subjects of preliminary noticesSection 8: Sufficiency of name mentioned in noticeSection 9: Effects of changes in informationSection 10: Duration of Notice and Effect of TerminationSection 11: Name of mortgagee mentioned in noticeSection 12: Amendment to NoticeSection 13: Continuity of InformationSection 14: Termination of NoticeSection 15: Effectiveness of informationSection 16: CLAIMS REGARDING WRONGLY REGISTERED INFORMATIONSection 17: Liability of registered officeSection 18: Information can be obtained from the registered officeSection 19: Provisions relating to registration fees
Chapter - 4
Section 26: Maturity of mortgage rightsSection 27: Continuity of MaturitySection 28: Priority of mortgagee's rights in the same mortgaged propertySection 29: Priority of mortgage right over lienholder's rightSection 30: Implications of buying a mortgaged propertySection 31: Lessee of mortgaged propertySection 32: Notice of lien on the purchase priceSection 33: Sale of mortgaged property and gains thereonSection 34: Priority of mortgage rights on purchase price of equipmentSection 35: Priority of lien on purchase price in stock or domestic animalsSection 36: Priority of the right to take control of goodsSection 37: Connected similarSection 38: CropSection 39: InsertionSection 40: Miscellaneous GoodsSection 41: Purchase of Secured Sale Agreements and WarrantsSection 42: HandoverSection 43: Prohibition or Prohibition on Sale or TransferSection 44: Future DeliverySection 45: Alteration of priority
Chapter - 5
Section 46: Provisions relating to compliance with obligationsSection 47: Right of mortgagee to acquireSection 48: Right of mortgagor to take possession of mortgaged propertySection 49: Rights acquired in case of opposition to the enforcement of mortgage rightsSection 50: Mortgagor may sell mortgaged propertySection 51: Consequences of traffickingSection 52: Seizure or seizure of mortgaged propertySection 53: Right of mortgagor to dispose of mortgaged propertySection 54: Liability of mortgagor for failure to comply with obligation