Article 9-3. The procedure for registering a pledge of movable property on the basis of an application submitted to the registration authority and (or) the State Corporation of the Law on Registration of Pledge of Movable Property
The footnote. Title of Article 9-3 as amended by the Law of the Republic of Kazakhstan dated 05/24/2018 No. 156-VI (effective ten calendar days after the date of its first official publication).
1. If a completed application form is submitted to the registration authority and/or the State Corporation no later than one business day following the day of receipt of the application, the registration authority and/or the State Corporation shall enter information about the pledge into the unified register of collateral for movable property based on the application, and a certificate of registration of the pledge of movable property or a reasoned the refusal to register response.
2. Information about the registration is stored in the information systems of the second-tier bank and the registering authority and does not require documentary confirmation.
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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