Examples of using Security right in English and their translations into French
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Official
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Colloquial
Sections A. 3 to A. 5 of the chapter discuss in detail the three principal methods for achieving third-party effectiveness that is, registration of a notice of a security right in a general security rights registry, possession and registration in a specialized asset-specific registry.
If a security right may be registered(whether registered
under intellectual property law, a later transfer or security right could often gain priority if it was registered first
For example, almost all of these States continue to recognize that a security right in tangible assets may be made effective against third parties by a transfer of possession of the assets to the secured creditor.
it is rare that it will also register its security right.
will respect the priority of a security right that is effective against third parties see the Guide on Secured Transactions, recommendations 238 and 239.
Where the change involves a change of identifier or address, failure to register exposes the secured creditor to the risk that it will not receive notices sent from third parties relating to the security right referred to in the registered notice.
In many States, a security right(or other property right) once created is
Under alternative A, a security right in proceeds of tangible assets other than inventory or consumer goods has the same priority as the acquisition security right itself recommendation 185, alternative A, subpara. a.
Moreover, even if it were possible to take a security right in the expectancy of ownership,
This additional act also serves as a basis for determining the priority of the security right as against competing claimants for the definitions of"competing claimant" and"priority",
In many legal systems, a validly created security right(or other property right) is by definition effective against all(erga omnes)
This rule provides the creditor with certainty that, once it registers a notice of its security right, no other right with respect to which a notice is registered will have priority over its security right. .
Ii The holder of the earlier registered security right is notified in writing by the acquisition secured creditor that the acquisition secured creditor intends to enter into one
it were possible for a creditor to obtain a security right in a buyer's or lessee's expectancy right,
It provides the creditor with certainty that, once it registers a notice of its security right, other rights with respect to which a notice is registered later in time will not have priority over its security right. .
There would always be a risk that another security right could achieve third-party effectiveness,
A security agreement may provide for the creation of a security right in a future asset, but the security right in that asset is created only when the grantor acquires rights in it
for a notice of a security right registered in the general security rights registry to be registrable in a specialized registry,
The Working Group went on to consider a suggestion that the creation of a security right(and the pre-default rights and obligations of the parties)