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LAW OF THE KYRGYZ REPUBLIC

of March 24, 2021 No. 42

About modification of some legal acts of the Kyrgyz Republic (in the Civil code of the Kyrgyz Republic, the Law of the Kyrgyz Republic "About pledge", the Code of the Kyrgyz Republic about violations)

Accepted by Jogorku Kenesh of the Kyrgyz Republic on February 10, 2021

Article 1.

Bring in part I of the Civil code of the Kyrgyz Republic (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 1996, No. 6, the Art. 80) the following changes:

In paragraph three of Item 3 of Article 328 of the word "on voluntary basis" to exclude 1);

Item 1 of Article 329 to state 2) in the following edition:

"1. Inclusion in the pledge agreement of the provision prohibiting or limiting the subsequent pledge of personal estate is not allowed.".

Article 2.

Bring in the Law of the Kyrgyz Republic "About pledge" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2005, No. 6, the Art. 377) the following changes:

1) in Article 3:

a) in paragraph seven to exclude the word "voluntary";

b) in paragraph eleven of the word "Mortgage Registration Office" shall be replaced with words "Authorized state body in the field of registration of right to claim for personal estate";

c) the thirteenth to state the paragraph in the following edition:

"The statement - the address of the pawnbroker in paper or electronic form containing the main information on right to claim on obligation fulfillment (under the agreement) concerning personal estate, provided in authorized state body in the field of registration of right to claim for personal estate which is registered in the Unified State Register of Rights of the requirement of personal estate. The statement is the basis for entering of the corresponding record into the mortgage notification of authorized body in the field of registration of rights to claim for personal estate.";

To exclude 2) in Item 3 of Article 9 of the word "without prohibition removal";

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