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CHARGE
LAND LAW
05.08.07 Jamaludin Yaakob 1
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CONTENT
Statutory provisions Definition
Creation of Charge
Effect of Registered Charge
Unregistered EquitableCharge
Matters of Charge
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Rights of Parties Defaults and Remedies
Sale by Receiver
Chargors Relief & ThirdParties
Cause to the contrary
Powers of Land
Administrator
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Statutory Provisions
Part Sixteen: Chapters 1 6
Chapter 1 Creation of Charge & General Provisions (sections 241
248)
Chapter 2 Implied Provisions (sections 249 252)
Chapter 3 Remedies of Chargees Sale (sections 253 - 269
Chapter 4 Remedies of Chargees - Possession (sections 270 - 277)
Chapter 5 Discharge of Charge (sections 278 280)
Chapter 6 Liens (section 281)
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Definition of Charge
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DictionaryA financial responsibility or obligation
Law Dictionary An encumbrance, e.g. on land, which
secures payment of money;
Fixed charge is a charge on specific
property;
Floating charge is created by a company
to secure debentures.
NLC 1965
Salleh Buang
Section 5
Page 128
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Creation of Charge
Formality Registration section 242 Form 16A
Sime Bank Berhad v. Mohd Hassan Bin Sulaiman [2000]
1 AMR 1021
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Effect of Registered Charge
PHB v. BBMB [1988] 3 MLJ 54
Borneo Housing Mortgage Finance v. Time Engineering
Bhd. [1996] 1 AMR 1539
OCBC v. Lee Lee Fah & Five Ors. [1999] 4 AMR 4476
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Unregistered Equitable Charge
Mahadevan s/o Mahakingam v. Manilal & Sons (M)
Sdn. Bhd. [1984] 1 MLJ 266
Borneo Housing Mortgage Finance v. Time Engineering
Bhd. [1996] 1 AMR 1539
OCBC v. Lee Lee Fah & Five Ors. [1999] 4 AMR 4476
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Matters of Charge
Section 241
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Rights of Parties
Express
Implied Chapter 1 (sections 249 252)
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Chargor Chargee
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Implied Duties of Chargor
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Section249
Section 249(1)
Compliance with provisions in loan agreement
Compliance with additional agreement
Section 249(2)
a) Pay all rents and rates as they fall due
b) Observe conditions express and implied
Section250
a) Keep building in repair
b) Insured premises
c) Grant chargee permission to enter for inspection
and maintenance
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Implied Duties of Chargor
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Section
250
a) Keep building in repair
b) Insured premises
c) Grant chargee permission to enter for inspection
and maintenance
S. 252 Read together with section 233 Lease building
lessee under similar duty to keep building under
repair.
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Implied Duties of Chargee
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Section
251
Chargee will not unnecessary withhold consent for
chargor to lease the charged land
Section250
Section 250(d)chargor fails to comply with duties,
chargee may:
a) Take legal action for breach; and
b) Claim cost incurred
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Remedies for Default
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SALE Possession
Chapter 3
Sections 253 - 269
Chapter 4
Sections 270 - 273
Statutory
Instruments
Section 254
Form 16D Notice of default
Form 16E - Demand for Payment of
Principal Sum
V.A.M. Hussain v. B.P. Malaysia
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Remedies_Sale
Land Office Title (section 260)
Tan Teng Pan v. Wong Fook Shang [1973] x MLJ 31
Gurpal Singh v. Kananyer [1976] 2 MLJ 34
Registry Title (section 256)
Form 16F Certificate of Sale
Lim Beng v. A.V.A. Palaniappa Chetty (1916) 1 FMSLR264
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Remedies_Possession
Chapter 4(sections 270 277)
Section 270 Registry Title only
Other Limitations
Undivided share
Not occupied by chargor
Section 271 Two or more charges First Chargee may
take possession.
Actual or Constructive Possession
Section 272 Procedure
Form 16J
Form 16K
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Remedies_Possession
Effects of taking possession
Woon Foon Hoh v. Muthiah Chetty [1934] MLJ 121
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Cause to the Contrary
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Section 256(3)
Lau Lee Lian v. Ban Hin Lee Bank [1997] 1 AMR 1036 (SC)
Keng Soon Finance v. M.K. Retnam Sdn. Bhd. [1996] 3 AMR3021
Perwira Affin Bank v. Saad Bin Abdullah [1999] 4 AMR 4142
Arab-Malaysian Finance v. Chan Sai Mee [2001] 2 AMR 1743 Diamond Peak v. United Merchant Finance [2003] 2 AMR 637
Aseam Credit v. Eminent Avenue [2003] 1 AMR 122
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