Section 39: Scope of the application of this part

(1) In case of default, a creditor may-
(a) exercise his rights under this Act and in the Security Agreement ; or
(b) resort to any appropriate judicial remedy.
(2) An operating lessor may enforce its rights under the agreement or any other law governing the operating lease.
(3) A holder of purchase money security interest may enforce its rights under this Act or any other law governing its rights.
(4) An outright transferee of account receivable may enforce its rights under an agreement or any other law govenring the transaction.
(5) The remedies available underthis Part are in addition to those available under the Companies and Allied Matters Act, including the right to appoint a receiver.
[Cap. C20. LFN.2004]