Hypothecation Agreement Secured Creditor

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By clearly reading subsection (1), it is clear that when an enterprise establishes, after 14-1914, a royalty in the manner referred to in subsection (4) on its immovable property and fails to register the royalty with the instrument that creates the royalty with the declarant of the companies within thirty days, it is void with the liquidator and any creditor of the company. However, this provision is governed by the provisions of Part V of the Act. The reservation allows the Registrar to relax the limitation period of thirty days in the event of payment of certain additional fees if he has assuring himself that there is a sufficient reason not to provide the information and the document or a copy thereof within the period indicated. Subsections (2) and (3) deal with the repayment of the money guaranteed by the fee. .