Possible Changes to the Canadian Personal Property Security Acts 2000

 

Section 19 – Perfection of Security Interests

19. Subject to subsection 20(5), a A security interest is perfected when

(a) it has attached, and

(b) all steps required for perfection under this Act have been completed,

regardless of the order of occurrence.

COMMENT

The explanation for the proposed addition of a cross-reference in section 19 to new subsection 20(5) is given in comments 8 and 9 to section 10 above.

Next Annual Meeting

2018 Conference (Centennial)

Delta Hotel

Québec City, QC

August 12 - 16, 2018