Un-Statutory Security is typically executed by the Law of the Security under Provisional Registration. This Law that is enacted for the protection of a debtor is not almost used in money market because of the loss of the efficiency of the Security under Provisional Registration. However restraint of using such security has some problems.This article studies on Activation of the Security under Provisional Registration. The characteristics of the execution of the Security under Provisional Registration, that is especially the priority of compulsory auction over execution of such security, is cause of the restraint of using the security. Therefore improvement of the Law of the Security under Provisional Registration is to annul the priority of compulsory auction over execution of the Security under Provisional Registration.

Un-Statutory Security is typically executed by the Law of the Security under Provisional Registration. This Law that is enacted for the protection of a debtor is not almost used in money market because of the loss of the efficiency of the Security under Provisional Registration. However restraint of using such security has some problems.This article studies on Activation of the Security under Provisional Registration. The characteristics of the execution of the Security under Provisional Registration, that is especially the priority of compulsory auction over execution of such security, is cause of the restraint of using the security. Therefore improvement of the Law of the Security under Provisional Registration is to annul the priority of compulsory auction over execution of the Security under Provisional Registration.

un-statutory security, security under provisional registration, mortgage, title retention, liquidation by reversion, liquidation by disposition