Chương 5 Nghị định 163/2006/NĐ-CP: Điều khoản thi hành

Chapter V

IMPLEMENTATION PROVISIONS

Article 72.- Effect

1. This Decree takes effect 15 days after its publication in "CONG BAO."

2. This Decree replaces the Government's Decree No. 165/1999/ND-CP of November 19, 1999, on security transactions.

3. This Decree supersedes:

a/ The Government's Decree No. 178/1999/ND-CP of December 29, 1999, on security for loans of credit institutions;

b/ The Government's Decree No. 85/2002/ND-CP of October 25, 2002, amending and supplementing Government Decree No. 178/1999/ND-CP of December 29, 1999, on security for loans of credit institutions;

c/ Clause 2, Article 2 of the Government's Decree No. 08/2000/ND-CP of March 10, 2000, on registration of security transactions.

4. The guarantee with land use rights, right to use forests, ownership over planted production forests according to the provisions of the Government's Decree No. 181/2004/ND-CP of October 29, 2004, on the implementation of the Land Law, the provisions of Clause 5, Article 32; Clause 4, Article 33; Clause 4, Article 34; Clause 4, Article 35; and Clause 1, Article 36 of the Government's Decree No. 23/2006/ND-CP of March 3, 2006, on the implementation of the Law on Forest Protection and Development and guiding documents, are now converted into mortgage of land use rights, right to use forests and ownership over planted production forests by the third party.

5. Other provisions contrary to this Decree are hereby annulled.

Article 73.- Transition provisions

Security transactions entered into under the provisions of the 1995 Civil Code; the Government's Decree No. 165/1999/ND-CP of November 19, 1999, on security transactions; the Government's Decree No. 178/1999/ND-CP of December 29, 1999, on security for loans of credit institutions; the Government's Decree No. 85/2002/ND-CP of October 25, 2002, amending and supplementing the Government's Decree No. 178/1999/ND-CP of December 29, 1999, on security for loans of credit institutions; or other legal documents that continue to be effective after the effective date of this Decree, are still valid and not required to be modified or re-entered into.

Article 74.- Implementation responsibilities

Ministers, heads of ministerial-level agencies, heads of government-attached agencies and presidents of People's Committees of provinces or centrally run cities shall implement this Decree.

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