Secured Transaction Act, 2063 (2006)
Section 44
Future Advances
Where a matured security interest secures an obligation by
the security holder to make future advances, the rights of a lien holder shall
have priority over the security interest with respect to advances made after the
security holder has actual knowledge of the interest of the lien holder or after a
period of twenty days after a notice of the interest of the lien holder is filed in
the Registration Office, whichever occurs earlier.
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