LAW NOTES : Land Law - Summary Notes for Land Law : Charge
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...
.jpg)
Comments
Post a Comment