Section 29
Priority Of Security Interest Over Right Of Lien Holder
In cases other than where a lien holder has filed a notice prior to the maturity of a security interest and prior to the filing of a notice covering the collateral
subject to this Act, a security interest shall have priority over the right of a lien holder.
subject to this Act, a security interest shall have priority over the right of a lien holder.
Secured Transaction Act, 2063 (2006)
Chapter - 2
Section 4: Establishment Of Registration OfficeSection 5: Functions, Duties And Powers Of Registration OfficeSection 6: Right Of Access To Notices Of OfficeSection 7: Contents Of Initial NoticeSection 8: Sufficiency Of Name In A NoticeSection 9: Effect Of Changes In NoticeSection 10: Duration Of Notice And Effect Of Lapse ThereofSection 11: Security Holder On The NoticeSection 12: Amendment Of NoticeSection 13: Continuation Of NoticeSection 14: Termination Of NoticeSection 15: Effectiveness Of NoticeSection 16: Claim Concerning Wrongfully Filed NoticeSection 17: Duties Of Registration OfficeSection 18: Information To Be Obtained From Registration OfficeSection 19: Provisions Relating To Filing Fees
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
Chapter - 5
Section 46: Provisions Relating To Performance Of ObligationsSection 47: Collection Right Of Security HolderSection 48: Right Of Security Holder To Take PossessionSection 49: Right Available Upon Interference With Enforcement Action OfcollateralSection 50: Right Of Security Holder To Sell And Dispose Of CollateralSection 51: Consequences Of Sale And DisposalSection 52: Suspension Or Retention Of CollateralSection 53: Right Of Security Giver To Redeem CollateralSection 54: Obligation Of Security Holder On Default In Performance Of Obligation