Fulfillment of Security Law Principle in Pledge with Stock as it Object

9 Pages Posted: 15 Nov 2019

See all articles by Galang Fauzan Prawinda

Galang Fauzan Prawinda

Universitas Wijaya Kusuma Surabaya

Fani Martiawan Kumara Putra

Universitas Wijaya Kusuma Surabaya

Date Written: August 29, 2019

Abstract

The study, entitled Fulfillment of Security Law Principle In Pledge With Stock As It Object, aims to find and understand and analyze how the validity of the share Security Law agreement uses the Pledge Security Law institution. Based on the results of the study it can be concluded that the Pledge Security Law Institution is the only Security Law institution in Indonesia whose publicity is different from other security institutions in Indonesia. The publicity of the Pledge Security Institution is manifested and proven by the credibility of the object Security Law by the Creditors. Besides Pledge as a material security agency in Indonesia also has a Principle in the Security law, the principle is the Accesoire Principle which is the legal requirement for a Pledge. Legitimate a Pledge if the object which is used as a security object is under the authority of the Creditor. Whereas in the case of a stock Security Law using a mortgage Security Law institution, the potential of the Accessibility Agreement is null and void by law because in the UUPT provisions, stock that are used as security as a pledge object, the control remains with the Debtor.

Keywords: Security, Pledge, Stock

Suggested Citation

Prawinda, Galang Fauzan and Putra, Fani Martiawan Kumara, Fulfillment of Security Law Principle in Pledge with Stock as it Object (August 29, 2019). International Conference on Science, Technology & Environment (ICoSTE) 2019, Available at SSRN: https://ssrn.com/abstract=3486974 or http://dx.doi.org/10.2139/ssrn.3486974

Galang Fauzan Prawinda (Contact Author)

Universitas Wijaya Kusuma Surabaya ( email )

Indonesia
Surabaya
Indonesia

Fani Martiawan Kumara Putra

Universitas Wijaya Kusuma Surabaya ( email )

Indonesia
Surabaya
Indonesia

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