Malaysia legislation
Section 92
Section 92
Advance certificate of title
(a)
prepare and issue to the proprietor or chargee or other person entitled to the custody thereof an advance certificate of title in Form L endorsed with particulars of any charges, leases or other interests to which such holding is subject; and
(b)
cause final documents of title to be prepared in accordance with section 93.
(2)
Any person who, after the issue of an advance certificate of title and before the issue of the final document of title relating to any holding, deals in such holding, shall present such certificate of title to the Registrar, together with a memorandum of such dealing; and the
Registrar shall—
(a)
enter such dealing by way of memorial under his hand and seal in the Interim Register;
(b)
under his hand and seal endorse such memorial upon the advance certificate of title; and
(c)
return such certificate to the person entitled thereto.
68 Laws of Malaysia ACT 518
(3)
Notwithstanding subsection (1) the Director may, on and after the expiration of the period of twelve years next following the appointed day, in his discretion proceed to issue a final document of title to any holding without first issuing an advance certificate of title in respect thereof.
Final documents of title