Article 16. Procedure for registration of amendments, additions and termination of the registered pledge of the Law on Registration of Pledge of Movable Property
The applicant registers changes and additions (including transfer of ownership to another person, assignment of the right of claim) and termination of the registered pledge by submitting an application or sending an application in electronic form through the unified register of collateral of movable property to the registration authority and (or) the State Corporation.
Note from <url>! Article 16 is provided to be supplemented with Part two in accordance with the Law of the Republic of Kazakhstan dated 06/19/2024 No. 97-VIII (effective sixty calendar days after the date of its first official publication).
The procedure for registration of amendments and additions is established by the legislation.
The first part of this Article does not apply to the cases provided for in the first part of paragraph 3-2 of Article 34 of the Law of the Republic of Kazakhstan "On Banks and Banking activities in the Republic of Kazakhstan", the first part of subparagraph 11-2) of paragraph 2 of Article 7 of the Law of the Republic of Kazakhstan "On Microfinance activities", the second part of paragraph 2 of Article 6-1 of the Law of the Republic of Kazakhstan "On collection activities".
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.
President
Republic of Kazakhstan
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