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Statutory Mortgage | ||
Under English law and in common law jurisdictions derived from English law, there are broadly eight types of proprietary security interest that can arise. Statutory MortgageMany jurisdictions permit specific assets to be mortgaged without transferring title to the assets to the mortgagee. Principally, statutory mortgages relate to land, registered aircraft and registered ships. Generally speaking, the mortgagee will have the same rights as they would have had under a traditional true legal mortgage, but the manner of enforcement is usually regulated by the statute. Copyright 2008 - France BtoB from Wikipédia
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