“EXPANSION OF THE OBJECT OF FIDUCIARY SECURITY”

Fiduciary security is only for movable objects and not for immoveable objects.

. Supreme Court Decision No. 516 K/Pdt/1995 dated June 27, 1997

. Supreme Court Decision No. 372 K/Sip/1970 dated August 14, 1971

However, in the Elucidation of Law No. 42 Year 1999 concerning Fiduciary Security, the object of fiduciary security also includes immovable objects that cannot be encumbered with Mortgage Right as referred to in Law No. 4 Year 1996 concerning Mortgage Right.

Regards,

Fredrik J. Pinakunary