Law No. 49 “On mortgage”.
г.Бишкек от 12 марта 2005 года N 49 ЗАКОН КЫРГЫЗСКОЙ РЕСПУБЛИКИ О залоге (В редакции Закона КР от 6 августа 2007 года N 133).
Resource information
Resource Language
ISBN / Resource ID
LEX-FAOC109981
Pages
41
License of the resource
Copyright details
© FAO. FAO is committed to making its content freely available and encourages the use, reproduction and dissemination of the text, multimedia and data presented. Except where otherwise indicated, content may be copied, printed and downloaded for private study, research and teaching purposes, and for use in non-commercial products or services, provided that appropriate acknowledgement of FAO as the source and copyright holder is given and that FAO's endorsement of users' views, products or services is not stated or implied in any way.
This Law establishes the basic provisions on mortgage, including mortgage of land, subsoil, forest, waterbodies and perennial plants, registration of mortgage and registration of rights to mortgaged property. The Act consists of 5 Sections divided into 86 articles: (1) general provisions; (2) types of mortgage; (3) levy of execution to mortgaged property; (4) protection against entrenchment on a right to mortgaged property; and (5) conclusive provisions. Pledgeholders of agricultural land in accordance with mortgage contracts shall be banks and financial and credit institutions licensed by the National bank. Pledgers of agricultural land shall be citizens of Kyrgyzstan that have ownership right to agricultural land.
