According to clause 2-article 4 of the Decree 163/2006/ND-CP on December 29, 2006 the Government then secured transactions: the property formation in the future is the property owned by the secured party after the time the obligation was established or the secured transaction is committed. The property formation in the future including the property has been formed at the time of concluding the secured transactions, but after the time of delivery of the new secured transactions in the possession of the secured party
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