Indonesian Law No. 42 of 1999 on Fiduciary Guarantees

This statute regulates fiduciary security guarantees. It defines such a guarantee as an unburdened guaranteed right to a mobile or immobile object(s), tangible or intangible, that is in the control of the fiduciary provider. This object is treated as collateral for the repayment of a certain debt, and the arrangement prioritises the fiduciary recipient over other creditors.

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