Definition and Foundation of Fiduciary Law
Fiduciary according to article 1 paragraph 1 of Law no. 42 of 1999 is the transfer of ownership rights to an object on the basis of trust provided that the object whose ownership rights are held remains in the possession of the owner of the object. While the Fiduciary guarantee according to article 1 paragraph 1 of Law no. 42 of 1999 is a guarantee right on a movable object, both tangible and intangible and immovable objects, especially buildings that cannot be encumbered with mortgage rights as referred to in Law no. 4 of 1996 concerning Mortgage which remains in the control of the fiduciary giver, as collateral for the repayment of certain debts that give priority to other creditors.
Law Number 42 of 1999 concerning Fiduciary Guarantees/ UUJF.
PP Number 86 of 2000 concerning Procedures for Registration of Fiduciary Guarantees and Fees for Making Fiduciary Guarantee Deeds.
Presidential Decree No. 139 of 2000 concerning the Establishment of a Fiduciary Registration Office in every provincial capital in the territory of the Republic of Indonesia.
Law No. 30 of 2004 concerning the Position of a Notary
Law No. 2 of 2014, concerning Amendments to Law No. 30 of 2004, concerning the Position of a Notary, Article 20 paragraph (1) stipulates that a notary can carry out his position in the form of a civil partnership . With the change from a civil union to a civil partnership, it means that a notary can join several notaries to form one business entity and manage it together continuously and aim at making a profit.
PP Number 21 of 2015 concerning Procedures for Registration of Fiduciary Guarantees and Fees for Making Fiduciary Guarantee Deeds.