Sociological Jurisprudence Journal
Vol. 2 No. 1 (2019)

The Nominee Agreement in Bali

I Wayan Werasmana Sancaya (Faculty of Law, Universitas Warmadewa)
Nella Hasibuan O’Leary (Faculty of Law, Universitas Warmadewa)



Article Info

Publish Date
28 Feb 2019

Abstract

The title of this research is “The Nominee Agreement in Bali”. It aims discuss the meaning of the nominee agreement and the nominee agreement system in Bali. The study applies normative research approach to discuss about the nominee agreement and its system in Bali. The result is a nominee is a person or firm whose name is used as a guarantee for other properties used to facilitate transactions, while leaving the customer as the actual owner. The nominee agreement itself can be explained as follows. In a nominee agreement, the owner conveys property to a nominee to whom the latter consents to hold and execute transactions on behalf of the owner. The purpose of the agreement is to provide outlines for legal purposes of the ownership of certain property and the role of the nominee. The nominee agreement made by the notary which consists of overpower of the freehold land belonging to Indonesian citizens by foreigners wihout legal power and is null and void when it is promised that foreigners can control the freehold land juridically and have a bad faith when making the nominee agreement.

Copyrights © 2019






Journal Info

Abbrev

sjj

Publisher

Subject

Social Sciences

Description

Sociological Jurisprudence Journal is a peer-reviewed law International journal which published research articles and theoretical articles in law science. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a ...