Bill_ID

42

Short Name

The Security Interest In Movable Property Bill, 2018

Sponsor Name

Maj. Gen. (Rtd) Kahinda Otafiire

Type Name

Government

First Reading

2018-03-27

Overview

<p>The object of this Bill is to provide for the use of movable property as collateral for credit; to provide for the creation and perfection of security interests; to provide for the rules for determining priority of claims among completing claimants; to provide for the registration of security interests in movable&nbsp; property by notices; to provide for a register of services interests in movable property; to provide for the enforcement of security&nbsp; interests, search of the register and for related matters.</p>