Secured Transaction Act, 2063 (2006)
Section 27
Continuity Of Maturity
(1) A security interest shall be deemed to be matured continuously if it is first matured in one manner and later matured in another manner in a manner that the continuity of the security interest is not interrupted.
(2) If a security holder assigns a matured security interest, it shall not be required to file a notice under this Act to give continuity to the maturity of the security interest against creditors of the security giver, transferees from the
security giver, and lien holders.
Secured Transaction Act, 2063 (2006)
Chapter - 4
Section 26: Maturality Of Security InterestSection 27: Continuity Of MaturitySection 28: Priority Among Security Interests In The Same CollateralSection 29: Priority Of Security Interest Over Right Of Lien HolderSection 30: Effect Of Purchase Of CollateralSection 31: Lessee Of CollateralSection 32: Notice Of Purchase Money Security InterestSection 33: Disposition Of Collateral And Proceed ThereofSection 34: Priority Of Purchase Money Security Interest In EquipmentSection 35: Priority Of Purchase Money Security Interest In Inventory Or LivestockSection 36: Priority Of Right Of RetentionSection 37: FixturesSection 38: CropsSection 39: AccessionsSection 40: Commingled GoodsSection 41: Purchase Of Secured Sales Contracts And InstrumentsSection 42: AssignmentSection 43: Restriction On Sale Or AssignmentSection 44: Future AdvancesSection 45: Alteration In Priority