Movable Property (Security Interests) Act, 2016.

Short title: 
Movable Property (Security Interests) Act, 2016.
Long title: 
An Act to provide for the creation of security interests in movable property so as to contribute to economic development; harmonise secured transaction laws; provide for harmonisation of conflict of laws in order to promote the financing of international trade and make security interests effective against third parties; enhance the availability of low-cost secured credit to allow debtors to use the full value inherent in their assets to support credit; establish a Collateral Office and Collateral Registry for a single comprehensive registration regime for secured transactions in movable property; establish streamlined procedures for obtaining security interests and reducing transaction costs by minimising formalities; ensure effectiveness of security agreements and enforceability of security agreements and interests; provide for perfection of security interests; to establish the determination of priority between security interests; and provide for matters connected with, or incidental to, the foregoing.
Year of Act: 
Number of Act: 
Date of assent: 
5 April 2016
Date of promulgation: 
6 April 2016
Date of commencement: 
6 April 2016
In force: