Malaysia legislation

Section 147

of Land Code, 1958

Section 147

In the case of every charge under this Code⎯

The registered holder of a charge may create a sub-charge and this Code as to registered charges shall apply, with the necessary modifications, to registered sub-charges.

(2)

A charge subject to a sub-charge shall not be discharged, nor shall the terms thereof be varied, nor shall the chargee exercise any of his rights in the case of default, without the consent in writing of the sub-chargee.

Remedies for default

Section 147 — Land Code, 1958 | mylaw.my