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Ask AIabout Secured Transactions Act

bruneilaws
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Secured Transactions Act
Section 72

Section 72

Buyer of collateral takes free of security interests

of Secured Transactions Act

ActIn forceProvision 68 of 87

Section 72

The buyer of the collateral in a sale under section 70 shall take it free of any security interest.

Read in full context — Secured Transactions Act →

←PreviousSection 71 · Notice of sale of collateral NextSection 73 · Secured party to give statement of account to debtor→

Parent legislation

Secured Transactions Act

Read in full context →

←PreviousSection 71 · Notice of sale of collateral NextSection 73 · Secured party to give statement of account to debtor→

Nearby in this law

Section 69Power of sale applies to document of title and related goods
Section 70Method of sale of collateral
Section 71Notice of sale of collateral
Section 72Buyer of collateral takes free of security interests
Section 73Secured party to give statement of account to debtor
Section 74Secured party selling collateral to pay prior ranking secured parties
Section 75Distribution of surplus