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An Act to provide for an institutional framework for the regulation of secured transactions in movable property by the establishment of the secured transactions registration authority; to set out the powers , duties and functions of such authority; to provide for the determining of priorities amongst creditors having competing security rights in the movable property of their debtors; to set out the rights and duties of parties to security agreements; to provide for the establishment and maintenance of a register of security rights in movable property; to repeal the secured transactions act, no.49 of 2009; and for matters connected therewith or incidental thereto.

Date of Commencement: On Notice.

See: Secured Transactions Act.

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