CRIMINAL CODE ACT

Section 399: Definition of mortgaged goods; consent of mortgagee

2004Section 399 of 575Federal Republic of Nigeria

In section 398 of this Code, the term "mortgaged goods" includes any goods and
chattels of any kind, and any live animals, and any progeny of any animals and any
crops or produce of the earth, whether growing or severed, which are subject for the
time being to the provisions of the written instrument by which a valid charge or lien is
created upon them by way of security of any debt or obligation.
The consent of the mortgagee may be either express or implied from the nature of the
property mortgaged.

Cite this section

Section 399, CRIMINAL CODE ACT (2004).

https://repo.podus.ai/laws/criminal-code-act/section/399/