SECURED TRANSACTIONS IN MOVABLE ASSETS

Section 46: Discharge of subordinate security interests

2017Section 46 of 64•Federal Republic of Nigeria

If the Collateral has been sold under this Part, all Security Interests in the Collateral that are subordinate to the Security Interest of the Creditor who sold the Collateral shall be discharged.

Cite this section

Section 46, SECURED TRANSACTIONS IN MOVABLE ASSETS (2017).

https://repo.podus.ai/laws/secured-transactions-in-movable-assets/section/46/