Chapter-14 Miscellaneous

Section122: Credit, Liabilities and Titles against the Collateral of Credit may be purchased or sold

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Notwithstanding anything contained in prevailing laws of Nepal and unless otherwise provided for in the agreement concerning credit, the title over the credit given by any bank or financial institution to any person or of the liability it has assumed and of the movable or immovable assets pledged as collateral (the title of a mortgage) may also be purchased or sold.

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Section122: Credit, Liabilities and Titles against the Collateral of Credit may be purchased or sold

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