The New Subsection 46(2.1) of The Personal Property Security Act
Mondaq Business Briefing › Canada Law Articles in English (2011)
Linked as:
Extract
The New Subsection 46(2.1) of The Personal Property Security Act
Article by Aaron Collins1
Introduction In the June 2010 issue of Collateral Matters, I detailed some of the proposed amendments to the Personal Property Security Act (Ontario) (the "PPSA") that were contained in Ontario's "Open for Business Act" ("Bill 68"). Bill 68 has now received Royal Assent on October 25, 2010, and the amendments to the PPSA which are now in force include: (i) narrowing the definition of a purchase-money security interest ("PMSI") to exclude sale-leaseback transactions; (ii) extending the length of time a creditor has to register a PMSI from 10 to 15 days; (iii) providing for additional ...See the full content of this document
Sponsored links
