Chattels Transfer Act, 1952 (Act 51)
Section 11: (1) An instrument, unless registered in accordance with this Act shall, on the expiration of the time for registration, or if the time for registration is extended by the High Court, then on the expiration of the extended time, be considered fraudulent and void as against
(a) the assignee or trustee acting under an assignment for the benefit of the creditors of the person whose chattels or any of them are comprised in an instrument;
(b) a person seizing the chattels or a part of the chattels comprised in an instrument, in execution
of the process of a Court authorising the seizure of the chattels of the person by whom or concerning whose chattels the instrument was made, and against a person on whose behalf the process was issued.
(2) Subsection (1) applies to the property in, or a right to the possession of a chattel comprised in or affected by the instrument which
(a) at or after the time of the execution by the grantor of the assignment for the benefit of the grantor’s creditors, or of the execution of that process, and
(b) after the expiration of the period within which the instrument is required to be registered, are in the possession or apparent possession of the person making or giving the instrument, or of a person against whom the process was issued under or in the execution of which the instrument was made or given.
Subject : Chattel Securities and Transfer of Chattels
Procedure to Follow
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Responsible Institution
28th February Road, Finance Drv, Accra
- Email: info@mofep.gov.gh
- Website: www.mofep.gov.gh
- GPS: GA-144-2024
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