Open AccessLegal issue on Pledge share aggrement
Author(s) -
Suharnoko Suharnoko
Publication year - 2011
Publication title -
indonesia law review
Language(s) - English
Resource type - Journals
eISSN - 2356-2129
pISSN - 2088-8430
DOI - 10.15742/ilrev.v1n1.94
Subject(s) - pledge , creditor , order (exchange) , business , civil code , code (set theory) , law and economics , accounting , law , finance , debt , political science , economics , computer science , set (abstract data type) , programming language
The creditors are considered as unsecured creditors if they are relying only to article 1131 and 1132 of the Civil Code. In order to become a secured creditor, a security agreement must be made. Many financial institutions are now prefer securing its credit by pledge of shares of the customer’s enterprise. This article focuses on the legal issues regarding the validity and execution on pledge share agreement.
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