Secured Transactions Act · 2022 Revised Edition · Part · Administration
5. Appointment of Registrar and other officers
Official textFrom Attorney General's Chambers, unchanged
The Minister shall, with the approval of His Majesty the Sultan and Yang Di-Pertuan, appoint a Registrar of Collateral Registry for the purposes of this Act.
The Minister may appoint a Deputy Registrar and one or more
Registrar
“Registrar” means the Registrar of Collateral Registry appointed under section 5 and includes any Deputy Registrar of Collateral Registry;
Assistant Registrars of Collateral Registry to assist the Registrar in carrying out his functions and duties under this Act.
collateral
“collateral” means personal property that is subject to a security interest;
Secured Transactions 18
The Registrar may, subject to such conditions as he thinks fit, delegate to the Deputy Registrar or any Assistant Registrars any of his powers or functions under this Act, except the power of delegation conferred by this subsection.
The Registrar may continue to exercise any power conferred on him or perform any function under this Act notwithstanding the delegation of such power or function under this subsection.
Terms defined in s 3
collateral
Defined · s 3“collateral” means personal property that is subject to a security interest;
Registrar
Defined · s 3“Registrar” means the Registrar of Collateral Registry appointed under section 5 and includes any Deputy Registrar of Collateral Registry;
Part
Security Agreements
Part
Perfection of Security Interests
Part
Security Interests in Personal Property
Part 6
Part
Special Priority Rules
Part
Registration
Part
Enforcement of Security Interests
Part