SECURED TRANSACTIONS IN MOVABLE ASSETS

Section 42: Creditor may render collateral inoperative

2017Section 42 of 64Federal Republic of Nigeria

A Creditor may render a Collateral inoperative if the Collateral is of a kind that cannot be easily moved from the Grantor's premises or is of a kind for which adequate storage facilities are not easily available.

Cite this section

Section 42, SECURED TRANSACTIONS IN MOVABLE ASSETS (2017).

https://repo.podus.ai/laws/secured-transactions-in-movable-assets/section/42/