Security Law of the People's Republic of China

Security Law of the People's Republic of China
Security Law of the People's Republic of China

Order of the President No.50

June 30, 1995

Contents
Chapter I General Provisions
Chapter II Guarantee
Section 1 Guarantee and Guarantor
Section 2 Guarantee Contract and Forms of Guarantee
Section 3 Guarantee Liability
Chapter III Mortgage
Section 1 Mortgage and Mortgaged Property
Section 2 Mortgage Contract and Registration of Mortgaged Property
Section 3 The Effect of A Mortgage
Section 4 Realization of Mortgage Rights
Section 5 Mortgage Up to a Maximum Amount
Chapter IV Pledge
Section 1 Pledge of Movable Property
Section 2 Pledge of Rights
Chapter V Lien
Chapter VI Deposit
Chapter VII Supplementary Provisions

Chapter I General Provisions

Article 1 This Law is formulated in order to promote financing and circulation of commodities, safeguard fulfillment of obligations and develop the socialist market economy.

Article 2 Where a creditor requires realization of his rights by means of guarantee in an economic activity such as lending, sale, purchase, carriage of goods, undertaking of processing, etc., guarantee may be created in accordance with this Law.
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