Statutory Security

Sometimes, with the permission of the legislature and without agreement between the creditor and the debtor, certain property of the debtor's property placed in Mortgages of right of creditors. We will call this type of Security, Statutory Security. This legal entity, by Obtaining the pursuit and preferred from law, is as an important exception to Principle of equality of creditors, the exception that favor some creditors over others. In present article, this legal entity is defined and legal nature, Basis, Instances and Effects of it is analyzed.