Malaysia legislation

Section 9

of BILLS OF SALE ORDINANCE, 1958

Section 9

Remedy of grantee

(2)

A court of competent jurisdiction, on the application of the grantee or transferee, may—

(a)

if the grantor has made default in payment of the sum or sums of money secured by the bill of sale at the time therein provided for payment or in the performance of any covenant or agreement contained in the bill of sale and necessary for maintaining the security;

(b)

if the grantor has become bankrupt or has suffered the said chattels or any of them to be distrained for rent or municipal or local authority rates, cesses or assessments or otherwise;

(c)

if the grantor fraudulently has either removed or suffered to be removed from the premises the said chattels or any of them;

(d)

if the grantor has not, without reasonable excuse, upon demand in writing by the grantee or transferee produced to him his last receipts for rent and municipal or local authority rates, cesses or assessments; or

(e)

if execution has been levied against the goods of the grantor under process of any court, order the chattels comprised in the bill of sale to be seized or taken possession of and sold or may, if satisfied that the grantor should by reason of payment made by him or for any other reason be granted relief, make such other order as seems just.

(3)

Not more than one year’s arrear of interest shall be recoverable under any bill of sale.

Mode of registering bills of sale

Section 9 — BILLS OF SALE ORDINANCE, 1958 | mylaw.my