SECURED TRANSACTIONS IN MOVABLE ASSETS
Section 44: Creditor may dispose of a Collateral
(1) A Creditor may dispose of a Collateral by sale, lease, license or other form of disposal in its present condition or following any commercially reasonable preparation or processing.
(2) A Creditor may sell a Collateral in an auction, public tender, private sale or any other method provided for in the Security Agreement.
(3) In exercising the power of sale, a Creditor shall obtain a reasonable price available at the time of the sale or disposal.
(4) A Creditor may dispose of a Collateral on the Grantor's premises provided that it shall not cause any person in possession of the premises, other than the Grantor, any serious inconvenience.
Cite this section
Section 44, SECURED TRANSACTIONS IN MOVABLE ASSETS (2017).
https://repo.podus.ai/laws/secured-transactions-in-movable-assets/section/44/