Einde inhoudsopgave
Draft Common Frame of Reference
IX. — 7:106 Security provider's right of redemption
Geldend
Geldend vanaf 01-01-2009
- Redactionele toelichting
De dag van de datum van afkondiging is gezet op 01. De datum van inwerkingtreding is de datum van afkondiging.
- Bronpublicatie:
01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
- Inwerkingtreding
01-01-2009
- Bronpublicatie inwerkingtreding:
01-01-2009, Internet 2009, ec.europa.eu (uitgifte: 01-01-2009, kamerstukken/regelingnummer: -)
- Vakgebied(en)
Civiel recht algemeen (V)
EU-recht / Bijzondere onderwerpen
Internationaal privaatrecht / Algemeen
(1)
Even after default, if the outstanding amount of the obligation covered by the security right is paid, the security provider may require the secured creditor to terminate the exercise of the rights under this Chapter and to return possession of the encumbered asset.
(2)
The security provider's rights under paragraph (1) may no longer be exercised if:
- (a)
in the case of an enforcement under Section 2, the encumbered asset has been appropriated or sold or the secured creditor has concluded a binding contract to sell the asset to a third person; or
- (b)
in the case of exercising the rights under Section 3, the holder of the retention of ownership device has terminated the relationship arising under the contract of sale, hire-purchase, financial leasing or consignment.