Codesuser: /* BOOK III ON SPECIFIC CONTRACTS. (April 1924) */

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BOOK III ON SPECIFIC CONTRACTS. (April 1924)

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	* Reconstructed from the Documents in Vols. [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163473 86], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163474 87], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163475 88], and [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163476 89] of '''[https://digital.library.tu.ac.th/tu_dc/frontend/Search/index/collection:39 “The Archives of the History of Thai Codification”]'''.		* Reconstructed from the Documents in Vols. [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163473 86], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163474 87], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163475 88], and [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163476 89] of '''[https://digital.library.tu.ac.th/tu_dc/frontend/Search/index/collection:39 “The Archives of the History of Thai Codification”]'''.
	* For the details, please, refer to the "Introductory Notes" to the '''[https://openlegaltextbook.ddns.net/Centennial/Draft1924/Draft1924_all.pdf ''"Reconstructed Book III on Specific Contracts"'']'''.		* For the details, please, refer to the "Introductory Notes" to the '''[https://openlegaltextbook.ddns.net/Centennial/Draft1924/Draft1924_all.pdf ''"Reconstructed Book III on Specific Contracts"'']'''.
			'''[[1924th_Book3_Title11_Chapter04\|← Previous Page]]''' \| '''[[1924th_Book3_Title12_Chapter02\|Next Page →]]'''

	=== '''TITLE XII. Mortgage.''' ===		=== '''TITLE XII. Mortgage.''' ===

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= '''[[1924th Main Page|DRAFT: CIVIL AND COMMERCIAL CODE FOR KINGDOM OF SIAM. (April 1924)]]''' =

== BOOK III ON SPECIFIC CONTRACTS. (April 1924) ==

* Reconstructed from the Documents in Vols. [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163473 86], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163474 87], [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163475 88], and [https://digital.library.tu.ac.th/tu_dc/frontend/Info/item/dc:163476 89] of '''[https://digital.library.tu.ac.th/tu_dc/frontend/Search/index/collection:39 “The Archives of the History of Thai Codification”]'''.
* For the details, please, refer to the "Introductory Notes" to the '''[https://openlegaltextbook.ddns.net/Centennial/Draft1924/Draft1924_all.pdf ''"Reconstructed Book III on Specific Contracts"'']'''.

=== '''TITLE XII. Mortgage.''' ===

==== Chapter I. General Provisions. ====

====== '''Section 781.''' ======
* [I] A contract of mortgage is a contract whereby a person, called the mortgagor, agrees to assign a property to another person, called the mortgagee, as security for the performance of an obligation, without delivering the property to the mortgagee.
* [II] The mortgagee is entitled to be paid out of the mortgaged property in preference to ordinary creditors and <<s>even though</s>>[regardless as to whether or not] the ownership of the property has been transferred to a third person.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_714.|Ob.714]]'''''
# Code of January 1925: '''''[[2467th_Sec_0702|702]]'''''
# Code of January 1929: '''''[[2471th_Sec_0702|702]]'''''

====== '''Section 782.''' ======
* [I] Immovables of any kind can be mortgaged.
* [II] The following movables can also be mortgaged, provided they are registered according to law:
** (1) Ships or vessels <<s>having displacement</s>> of <<s>and over</s>> six tons [and over], steam-launches or motor-boats <<s>having displacement</s>> of <<s>and over</s>> five tons [and over].
** (2) Floating houses.
** (3) Beasts of burden.
** (4) Any other movables <<s>for</s>>[regard to] which the law shall provide registration <<s>to</s>>[for] that <<s>effect</s>>[purpose].

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_715.|Ob.715]]'''''
# Code of January 1925: '''''[[2467th_Sec_0703|703]]'''''
# Code of January 1929: '''''[[2471th_Sec_0703|703]]'''''

====== '''Section 783.''' ======
* A property which is not transferable cannot be mortgaged.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_716.|Ob.716]]'''''
# Code of January 1925: -
# Code of January 1929: -

====== '''Section 784.''' ======
* A contract of mortgage must specify the property mortgaged.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_717.|Ob.717]]'''''
# Code of January 1925: '''''[[2467th_Sec_0704|704]]'''''
# Code of January 1929: '''''[[2471th_Sec_0704|704]]'''''

====== '''Section 785.''' ======
* No property can be mortgaged except by its present owner.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_718.|Ob.718]]'''''
# Code of January 1925: '''''[[2467th_Sec_0705|705]]'''''
# Code of January 1929: '''''[[2471th_Sec_0705|705]]'''''

====== '''Section 786.''' ======
* A person whose right of ownership over a property is subject to a condition, can mortgage the property only subject to the same condition.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_719.|Ob.719]]'''''
# Code of January 1925: '''''[[2467th_Sec_0706|706]]'''''
# Code of January 1929: '''''[[2471th_Sec_0706|706]]'''''

====== '''Section 787.''' ======
* A contract of mortgage may secure any obligation, even conditional or future.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_720.|Ob.720]]'''''
# Code of January 1925: '''''[[2467th_Sec_0707|707]]'''''
# Code of January 1929: '''''[[2471th_Sec_0707|707]]'''''

====== '''Section 788.''' ======
* A contract of mortgage is void or voidable according as to whether the obligation secured is void or voidable.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_721.|Ob.721]]'''''
# Code of January 1925: -
# Code of January 1929: -

====== '''Section 789.''' ======
* [I] A contract of mortgage must specify the obligation for the performance of which the mortgaged property is assigned as security, and its amount in Siamese currency.
* [II] If the obligation is unlimited, the parties shall fix the highest amount for which the mortgaged property is assigned as security.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_722.|Ob.722]]'''''
# Code of January 1925: '''''[[2467th_Sec_0708|708]]'''''
# Code of January 1929: '''''[[2471th_Sec_0708|708]]'''''

====== '''Section 790.''' ======
* A person may mortgage a property as security for the performance of an obligation by another person.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_723.|Ob.723]]'''''
# Code of January 1925: '''''[[2467th_Sec_0709|709]]'''''
# Code of January 1929: '''''[[2471th_Sec_0709|709]]'''''

====== '''Section 791.''' ======
* The performance of one and the same obligation may be secured by the mortgage of several properties belonging <<s>to</s>> either [to] one or [to] several owners.
* The parties may agree:
** (1) that the mortgagee shall enforce his right against the mortgaged properties in a specified order.
** (2) that each property is security only for a specified part of the obligation.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_724.|Ob.724]]'''''
# Code of January 1925: '''''[[2467th_Sec_0710|710]]'''''
# Code of January 1929: '''''[[2471th_Sec_0710|710]]'''''

====== '''Section 792.''' ======
* As long as the obligation is not due, the mortgagor cannot agree that the mortgagee shall, in case of non-performance, become the owner of the mortgaged property or dispose of it otherwise than in conformity with the provisions concerning enforcement of mortgage (Chapter <<s>IV</s>>[V]).

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_725.|Ob.725]]'''''
# Code of January 1925: '''''[[2467th_Sec_0711|711]]'''''
# Code of January 1929: '''''[[2471th_Sec_0711|711]]'''''

====== '''Section 793.''' ======
* [I] Notwithstanding any clause in the contract to the contrary, a property mortgaged to a person can be mortgaged to another person during the continuance of the previous contract.
* [II] But beasts of burden cannot be subjected to successive mortgages.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_726.|Ob.726]]'''''
# Code of January 1925: '''''[[2467th_Sec_0712|712]]'''''
# Code of January 1929: '''''[[2471th_Sec_0712|712]]'''''

====== '''Section 794.''' ======
* The parties to a contract of mortgage may agree that the obligation shall be performed by instalments.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_727.|Ob.727]]'''''
# Code of January 1925: '''''[[2467th_Sec_0713|713]]'''''
# Code of January 1929: '''''[[2471th_Sec_0713|713]]'''''

====== '''Section 795.''' ======
* A contract of mortgage must be made in writing in the presence of and registered by the competent official in accordance with the rules relating thereto.

'''《Genealogies》'''
# Draft of 1919: '''''[[1919th_Book1_Division07_Title11_Chapter01#Section_728.|Ob.728]]'''''
# Code of January 1925: '''''[[2467th_Sec_0714|714]]'''''
# Code of January 1929: '''''[[2471th_Sec_0714|714]]'''''

1924th Book3 Title12 Chapter01 - Revision history

Codesuser: /* BOOK III ON SPECIFIC CONTRACTS. (April 1924) */

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