My bookmarksSign up free
← Bills of Sale Act 1950

Bills of Sale Act 1950 s 16

Bills of Sale Act 1950 s 16

s 16 Entry and satisfaction

(1) Where the amount, the payment of which is secured by a registered bill of sale, exceeds one thousand ringgit a Judge of the High Court, or, in any other case, a Sessions Court judge having jurisdiction over the district in which such bill of sale is registered may order a memorandum of satisfaction to be written on any registered copy of a bill of sale upon being satisfied that the debt, if any, for which such bill was made or given has been satisfied or discharged. (2) The Registrar or Assistant Registrar may write a memorandum of satisfaction upon any registered copy of a bill of sale on a consent to the satisfaction signed by the person entitled to the benefit of the bill of sale and verified by affidavit being presented to and filed with him, and on the original bill of sale being also produced to him.

Read this section in the full act →

Find Act 268 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

What to look at next