LAW OF THE AZERBAIJAN REPUBLIC

of December 28, 2018 No. 1429-VQD

About modification of the Law of the Azerbaijan Republic "About encumbrance of personal estate"

Being guided by Items 11 and 13 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:

Bring in the Law of the Azerbaijan Republic "About encumbrance of personal estate" (Collection of the legislation of the Azerbaijan Republic, 2017, No. 5, Article 753) the following changes:

1. at the end of Article 4.2.9 to replace sign of point with sign of semicolon and to add with Article 4.2.10 of the following content:

"4.2.10. according to article 5 of the Law of the Azerbaijan Republic "About execution" issue of the verified copy of the executive document which contains requirements about money recovery in bank or other credit institution.".

2. under Article 6:

2.1. in Article 6.1 of the word "Except for the Priority Provided in Article 6.4 of This Law when Same" shall be replaced with words "when same";

2.2. repeal Article 6.4.

3. consider Articles 14.3 and 14.4 Articles 14.2 and 14.3 respectively.

4. to consider Article 20.4 (in the second case) Article 20.11.

5. under Article 21:

5.1. Articles 21.1.1 and 21.1.3 (in the second case) shall be replaced with words the word "or" "and if is available";

5.2. in Article 21.1.8 after the word "I will eat around" to add with words "(upper limit)".

6. in Article 23.2.2 of the word "21.1.1 and 21.1.2" shall be replaced with words "21.1.3 and 21.1.4".

7. in Article 27 of the word", changes in encumbrance and the encumbrance termination," shall be replaced with words "and modification of encumbrance".

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