Book1 Division07 Title11 Chapter06: Difference between revisions

From Thai Codification Draft of 1919
m 1 revision imported
 
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====== '''Section 764.''' ======
====== '''Section 764.''' ======
* A contract of mortgage is extinguished:
* A contract of mortgage is extinguished:
* (1) by the total loss, or expropriation, of the mortgaged property;
** (1) by the total loss, or expropriation, of the mortgaged property;
* (2) by the extinction of the obligation secured;
** (2) by the extinction of the obligation secured;
* (3) by the release of the mortgage granted in writing to the mortgagor;
** (3) by the release of the mortgage granted in writing to the mortgagor;
* (4) by the discharge of the mortgagor;
** (4) by the discharge of the mortgagor;
* (5) by the removal of the mortgage;
** (5) by the removal of the mortgage;
* (6) by the auction sale of the mortgaged property by order of the Court;
** (6) by the auction sale of the mortgaged property by order of the Court;
* (7) by the transfer of the ownership of the mortgaged property to the mortgagee.
** (7) by the transfer of the ownership of the mortgaged property to the mortgagee.


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

Latest revision as of 11:22, 29 July 2025

DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM.

BOOK ON OBLIGATIONS.

DIVISION VII. SPECIFIC CONTRACTS.

TITLE XI. Mortgage.

Chapter VI. Extinction of Mortgage.
Section 764.
  • A contract of mortgage is extinguished:
    • (1) by the total loss, or expropriation, of the mortgaged property;
    • (2) by the extinction of the obligation secured;
    • (3) by the release of the mortgage granted in writing to the mortgagor;
    • (4) by the discharge of the mortgagor;
    • (5) by the removal of the mortgage;
    • (6) by the auction sale of the mortgaged property by order of the Court;
    • (7) by the transfer of the ownership of the mortgaged property to the mortgagee.

《Genealogies》

  1. Draft of April 1924: 831
  2. Code of January 1925: 744
Section 765.
  • The mortgagee can enforce the mortgage even after the obligation secured has been extinguished by prescription, but the arrears of interest on mortgage cannot be enforced for more than five years.

《Genealogies》

  1. Draft of April 1924: 832
  2. Code of January 1925: 745
Section 766.
  • When a contract of mortgage is extinguished, the owner of the property concerned is entitled to have such extinction registered by the competent official.

《Genealogies》

  1. Draft of April 1924: 833
  2. Code of January 1925: 746
Section 767.
  • [I] The mortgagor is entitled to have any part performance, or any discharge, or any agreement reducing the number of the mortgaged properties or the amount of the obligation secured, registered by the competent official.
  • [II] Any such part performance, discharge, or agreement, cannot be set up against the buyer of the mortgagee's right unless it has been registered.

《Genealogies》

  1. Draft of April 1924: 834
  2. Code of January 1925: 746