The problem of using perennial trees as collateral

Abstract

              This research aims to study the concept and evolution of debt security under the Business Security Act B.E. 2558 (2015), to explore the use of perennial trees as collateral, and to provide recommendations regarding the use of perennial trees as collateral.

The research found that the use of perennial trees as collateral presents issues related to the value of the collateral, problems concerning valuation, and challenges in the enforcement of the collateral.

The researcher therefore proposes recommendations derived from the study, suggesting that the valuation of perennial trees used as collateral should be improved. Individuals qualified to appraise the value of such trees should undergo training every five years. Additionally, there should be clear and standardized guidelines established for the enforcement of perennial trees used as collateral.