IX. — 7:105 Predefault agreement on appropriation of encumbered assets

Geldend

Documentgegevens:

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)

Any agreement concluded before default providing for the transfer of ownership of the encumbered assets to the secured creditor after default, or having this effect, is void.

(2)

Paragraph (1) does not apply:

(a): if the encumbered asset is a fungible asset that is traded on a recognised market with published prices; or
(b): if the parties agree in advance on some other method which allows a ready determination of a reasonable market price.

(3)

Paragraph (2)(b) does not apply to a consumer security provider.

(4)

Where appropriation is allowed, the secured creditor is entitled to appropriate encumbered assets only for the value of their recognised or agreed market price at the date of appropriation. The security provider is entitled to any surplus over the obligations covered by the security right. The debtor remains liable for any deficit.

(5)

This Article does not apply to retention of ownership devices.