Today’s Legal Enlightenment (Thursday, 20 October 2022)

by | Oct 20, 2022 | Legal Enlightenment | 0 comments

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Today’s Legal Enlightenment (Thursday, 20 October 2022) – THE RIGHT TO EXECUTE PLEDGED SHARES

The pledgee holds the right to execute pledged shares as long as the agreement is still valid. The expiration of a pledge does not have to be because the guaranteed debt has been paid off. The shares are bound as collateral only for a period of time that has been agreed upon by the parties and not until the entire debt is paid off. It is possible for a shares pledge agreement to end without the release/settlement of the guaranteed debt.

→ Supreme Court Decision No. 240 PK/PDT/2006 jo. 123/PDT. 6/2003/PN. JKT. PST.

Source:

Legal Explanation Regarding the Execution of Pledged Shares, Suharnoko – Kartini Muljadi

Best regards,

Fredrik J. Pinakunary


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