Sharing the notes [2014] "There is always a room for the readers to excite themselves with 'CORRECTION' & 'CREATIVITY'". Malaysia Land Law National Land Code [NLC] CHARGE (S.241(1) NLC) ü Who can charge? - S.205 & S.43 (Indi. ; not a minor, Corp, Govt, Any authorized body) ü Concept : 1. Here, the chargor (pencagar / land owner / etc) will charged his land to the chargee (penerima cagaran / Bank) as security for the loan made, and registered as per NLC. (Registration give statutory right to the chargee). 2. Chargor’s right / remedy Ø Tender payment (Sec. 266 (1)). v Here, the chargor have right at any time before the order for sale is being made to make a full payment for the loan he indebted to, and get an order to stop such sale of land, and reinstate his right to get the land. 3. Char...
Comments
Post a Comment