Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:
The Civil Code of the Republic of Kazakhstan da...doc
Скачиваний:
6
Добавлен:
15.11.2019
Размер:
577.54 Кб
Скачать

Article 306. Insuring Pledged Assets

as amended by (22) Law No. 128 of 18th December 2000 of the Republic of Kazakhstan. Concerning the Introduction of Amendments and Additions to Certain Legislative Acts of the Republic of Kazakhstan Concerning Issues of Insurance and Insurance Activities.

1. An agreement or legislative acts may impose upon the pledge holder the obligation to insure the pledged property transferred to his possession.

Insuring of pledged assets which remain in the use of the pledger shall be imposed upon the latter.

2. In the case of the occurrence of an insurable event, the right to claim the assets pledged in accordance with the insurance agreement shall be acquired by the pledger only in the case of the refusal of the claim by the pledge holder.

When the amount of insurance compensation exceeds the amount of the obligation secured with the pledge, the pledge holder shall be obliged, within three banking days from the moment of its receipt, to transfer the difference to the pledger.

Article 307. Contents and the Form of the Pledge Agreement

1. A pledge agreement must indicate the pledged item and its evaluation, including the amount and the deadline for the execution of the obligation which is secured with the pledge. It must contain an indication of which of the parties is to keep the pledged property and whether it is allowed to use it.

2. A pledge agreement must be concluded in writing.

3. Failure to comply with the rules contained in paragraphs 1 and 2 of this Article shall entail invalidity of the pledge agreement.

Article 308. Registration of Pledge

1. Pledge of property which is subject to state registration must be registered with the body which carries out the registration of that property.

2. The body which carries out the registration shall be obliged to maintain the register of pledges and to adopt measures to protect the interests of pledge holders and to prevent alienation of pledged assets without consent of the pledge holder.

When the nature and contents of a debt claim secured with the pledge are changed, an additional registration shall be carried out.

When the right to own pledged assets is transferred to another person, the note of transfer of the pledge to the new owner shall be made in the register.

3. A pledger who executed an obligation secured with a pledge shall have the right to claim the annulment of the note of the pledge from the register. Upon the claim of the pledger, the pledge holder shall be obliged to present to the body which carries out the registration the necessary documents and written applications. In the case of failure to execute, or an untimely execution by the pledge holder of those obligations, the pledger shall have the right to claim compensation of losses inflicted on him.

Article 309. Assets to Which the Rights of a Pledge Holder Apply

1. Unless it is otherwise stipulated in the agreement or legislative acts, the rights of the pledge holder (the right to pledge) in respect to the item which is pledged item, shall apply to its accessories and inseparable fruit.

In the cases stipulated in the agreement or legislative acts the right to pledge shall apply to the separable fruit, production and income received as a result of the use of the pledged property.

2. In the case of mortgage of an enterprise or any other property complex as a whole, the right of pledge shall apply to all the property, both movable and immovable, including the right to claim and exclusive rights, including those acquired during the mortgage, unless it is otherwise stipulated in legislative acts or the agreement.

3. Mortgage of a building or installation shall be allowed only with a simultaneous mortgage through the same agreement of the land plot on which the building or installation is located, or of the part of the plot which is functionally related to the mortgaged facility.

Соседние файлы в предмете [НЕСОРТИРОВАННОЕ]