PPSA - Personal Property Security Act

PPSA - Personal Property Security Act
PPSA - Personal Property Security Act
PPSA - Personal Property Security Act
The system, for example, in British Columbia and most common-law provinces, whereby a person is required to register any interest that he has in the property of another before the security is valid. The Registry can therefore be used if an institution is considering taking security on various assets, or if a person is contemplating purchasing an item such as a vehicle and wants to ensure that he purchases it free and clear of any encumbrances. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • Personal Property Security Act — PPSA Personal Property Security Act The system, for example, in British Columbia and most common law provinces, whereby a person is required to register any interest that he has in the property of another before the security is valid. The… …   Glossary of Bankruptcy

  • PPSA — Personal Property Security Act The system, for example, in British Columbia and most common law provinces, whereby a person is required to register any interest that he has in the property of another before the security is valid. The Registry can …   Glossary of Bankruptcy

  • Commercial insolvency in Canada — A closed restaurant in Gananoque, Ontario Commercial insolvency in Canada has options and procedures that are distinct from those available in consumer insolvency proceedings. It is governed by the following statutes: The Bankruptcy and… …   Wikipedia

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