Malaysia legislation
Section 3
Section 3
Interpretation
(a)
assignments for the benefit of the creditors of the person making or giving the same;
(b)
ante-nuptial marriage settlements;
(c)
transfers or assignments of any ship or vessel or share thereof;
(d)
transfers of goods in the ordinary course of business of any trade or calling;
(e)
bills of sale of goods in foreign ports or at sea;
(f)
bills of lading, warehouse-keepers’ certificates, warrants or orders for the delivery of goods, or any other documents used in the ordinary course of business as proof of the possession or control of goods or authorizing or purporting to authorize, either by endorsement or by delivery, the possessor of such documents to transfer or receive goods thereby represented;
“bill of sale” also includes, as regards any personal chattels which may be seized or taken thereunder, every attornment, instrument or agreement whereby a power of distress is given or agreed to be given by any person to any other person by way of security for any debt or advance, and whereby any rent is reserved or made payable as a mode of providing for the payment of interest on such debt or advance or otherwise for the purpose of such security only, but does not include or extend to any mortgage or charge of any estate or interest in any land which the mortgagee or chargee being in possession demises to the mortgagor or chargor as his tenant at a fair and reasonable rent;
“bill of sale” also includes agreements for the hire of personal chattels entered into for the purpose of securing the repayment to the lessor of such chattels of money advanced by him to the hirer;
and the hirer shall in every such case be deemed to be the grantor of the bill of sale and the lessor shall be deemed to be the grantee thereof;
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Bills of Sale
“factory or workshop” means any premies on which any manual labour is exercised by way of trade or for purposes of gain in or incidental to the following purposes or any of them—
(a)
the making of any article or part of an article; or
(b)
the altering, repairing, ornamenting or finishing of any article; or
(c)
the adapting for sale of any article;
“Peninsular Malaysia” has the meaning assigned thereto in section 3
of the Interpretation Acts 1948 and 1967 [Act 388], and includes the Federal Territory.
“personal chattels” means goods, furniture and other articles capable of complete transfer by delivery, and trade machinery as hereinafter defined, and, when separately assigned or charged, fixtures and growing crops; but does not include chattel interests in real estate, nor fixtures, except trade machinery as herein after defined, when assigned together with any land or building to which they are affixed, nor growing crops when assigned together with any interest in the land on which they grow, nor shares or interests in the stocks, funds or securities of any government, or in the capital or property of incorporated or joint-stock companies, nor things in action;
“Registrar” and “Assistant Registrar” mean respectively the
Registrar and an Assistant Registrar of the High Court;
“trade machinery” means the machinery used in or attached to any factory or workshop exclusive of—
(a)
the fixed motive powers, such as the water-wheels and steam-engines, and the steam boilers, donkey-engines, and other fixed appurtenances of such motive powers;
(b)
the fixed power machinery such as the shafts, wheels, drums and their fixed appurtenances which transmit the action of the motive powers to the other machinery, fixed and loose; and
(c)
the pipes for steam, gas and water in the factory or workshop;
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(2)
No fixtures or growing crops shall be deemed to be “separately assigned or charged” by reason only that they are assigned by separate words, or that power is given to sever them from the land or building to which they are affixed or from the land on which they grow, without otherwise taking possession of or dealing with such land or building if by the same instrument any interest in the land or building to which such fixtures are affixed or in the land on which such crops grow is also conveyed to the same person or persons.
Bill of sale to be void under certain circumstances unless attested and registered