Codesuser: /* Section 744. */

2025-07-29T11:21:22Z

Section 744.

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	====== '''Section 744.''' ======		====== '''Section 744.''' ======
	* The mortgagee must first notify the debtor by registered letter to perform his obligation within a reasonable time to be fixed in the notice. If the debtor fails to comply with such notice, the mortgagee can apply to the Court for an order:		* The mortgagee must first notify the debtor by registered letter to perform his obligation within a reasonable time to be fixed in the notice. If the debtor fails to comply with such notice, the mortgagee can apply to the Court for an order:
	* (1) either ordering that the property mortgaged be seized and sold by public auction; or		** (1) either ordering that the property mortgaged be seized and sold by public auction; or
	* (2) transfering to him the ownership of the mortgaged property.		** (2) transfering to him the ownership of the mortgaged property.

	'''《Genealogies》'''		'''《Genealogies》'''
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	====== '''Section 745.''' ======		====== '''Section 745.''' ======
	* The Court shall not issue an order transfering the property to the creditor when :		* The Court shall not issue an order transfering the property to the creditor when :
	* (1) the debtor has failed to pay interests for less than five years; or		** (1) the debtor has failed to pay interests for less than five years; or
	* (2) the mortgagor has satisfied the Court that the value of the property overcovers the amount due; or		** (2) the mortgagor has satisfied the Court that the value of the property overcovers the amount due; or
	* (3) there are other registered mortgages or preferential rights on the same property.		** (3) there are other registered mortgages or preferential rights on the same property.

	'''《Genealogies》'''		'''《Genealogies》'''

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Main>Codesuser: /* DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM. */

2024-12-07T04:09:09Z

DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

New page

= DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM. =

* The today existing (probably) only copy of its publication is in possession of [https://librarykoha.bu.ac.th/cgi-bin/koha/opac-main.pl '''the main library of Bangkok University''']. The detailed information and images of the original sources are available on [https://openlegaltextbook.ddns.net/Centennial/ the Centennial Website].
* The detailed information about the genealogical relations between the Draft 1919, Codes of 1923, Codes of 1925, and Code of 1992 is available at the [https://openlegaltextbook.ddns.net/Resources/01_French-Heritage_20190720.pdf "French Advisers' Heritage"].

== BOOK ON OBLIGATIONS. ==

=== '''DIVISION VII. SPECIFIC CONTRACTS.''' ===

==== TITLE XI. Mortgage. ====

===== Chapter IV. Enforcement of Mortgage. =====

====== '''Section 743.''' ======
* In case of non-performance, the mortgagee is entitled to have the mortgage enforced in the manner described in the following sections.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_810. 810]'''''
# Code of January 1925: -

====== '''Section 744.''' ======
* The mortgagee must first notify the debtor by registered letter to perform his obligation within a reasonable time to be fixed in the notice. If the debtor fails to comply with such notice, the mortgagee can apply to the Court for an order:
* (1) either ordering that the property mortgaged be seized and sold by public auction; or
* (2) transfering to him the ownership of the mortgaged property.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_811. 811]'''''
# Code of January 1925: '''''[https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0728 728]''''', '''''[https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0729 729]'''''

====== '''Section 745.''' ======
* The Court shall not issue an order transfering the property to the creditor when :
* (1) the debtor has failed to pay interests for less than five years; or
* (2) the mortgagor has satisfied the Court that the value of the property overcovers the amount due; or
* (3) there are other registered mortgages or preferential rights on the same property.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_812. 812]'''''
# Code of January 1925: [https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0729 729]

====== '''Section 746.''' ======
* When one and the same property is mortgaged to several mortgagees, they rank according to the respective dates and hours of registration, and the earlier mortgagee shall be satisfied before the later one.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_813. 813]'''''
# Code of January 1925: '''''[https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0730 730]'''''

====== '''Section 747.''' ======
* A later mortgagee cannot enforce his right to the injury of an earlier one.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_814. 814]'''''
# Code of January 1925: '''''[https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0731 731]'''''

====== '''Section 748.''' ======
* The nett proceeds of the auction shall be distributed to the mortgagees according to their ranks, and the surplus, if any, shall be delivered to the mortgagor.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_815. 815]'''''
# Code of January 1925: '''''[https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0732 732]'''''

====== '''Section 749.''' ======
* If the estimated value of the property, in case of transfer, or the nett proceeds, in case of auction, are less than the amount due, the debtor of the obligation remains liable for the difference.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_816. 816]'''''
# Code of January 1925: '''''[https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0733 733]'''''

====== '''Section 750.''' ======
* If a mortgage extends to several properties and no order has been fixed, the mortgagee can enforce his right upon such of them as he may select, provided that he does not do so upon more properties than is necessary for the satisfaction of his right.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_817. 817]'''''
# Code of January 1925: '''''[https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0734 734]'''''

====== '''Section 751.''' ======
* The mortgagee who intends to enforce the mortgage against the transferee of a mortgaged property must notify the transferee by registered letter of his intention one month before applying to the Court.

'''《Genealogies》'''
# Draft of April 1924: '''''[https://openlegaltextbook.ddns.net/Codes/1924_th_zhgb/index.php/Book3_Title12_Chapter04#Section_818. 818]'''''
# Code of January 1925: '''''[https://openlegaltextbook.ddns.net/Codes/2467_th_zhgb/index.php/Sec_0735 735]'''''

Book1 Division07 Title11 Chapter04 - Revision history

Codesuser: /* Section 744. */

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Main>Codesuser: /* DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM. */