Article 11. Refusal to register a pledge of movable property of the Law on Registration of a Pledge of Movable Property

Home / RLA / Article 11. Refusal to register a pledge of movable property of the Law on Registration of a Pledge of Movable Property

1. The registering authority and (or) the State Corporation shall refuse to register the pledge in the following cases::

1) there is no completeness of filling out the application for registration of the pledge;

2) the application for registration of the pledge does not comply with the requirements of Article 9 of this Law;

3) an improper person has applied for registration of the pledge;

4) there is no document confirming the payment to the budget of the fee for the state registration of the pledge of movable property and the mortgage of a vessel or a vessel under construction.

2. In case of refusal of registration, the registering authority and (or) the State Corporation shall send to the applicant a written reasoned refusal with reference to violation of the requirements of the legislation of the Republic of Kazakhstan within two working days from the date of acceptance of the application, except for the cases specified in Articles 9-3 and 9-4 of this Law.

3. Refusal to register a pledge of movable property or evasion from registration may be appealed by an interested person in accordance with the procedure established by the laws of the Republic of Kazakhstan.

4. (excluded).

This Law establishes the rules for registering the pledge of movable property in order to realize and protect the rights of individuals and legal entities who have legitimate rights to this property.

The Law of the Republic of Kazakhstan dated June 30, 1998 No. 254.

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Republic of Kazakhstan

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