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Get answers to your PPSA questions—from negotiating security to non-compliance
This publication is essential for: lawyers looking for practical guidance on personal property secured transactions in BC.
Current to: September 1, 2017
Since its introduction, the Personal Property Security Act (PPSA) has created complexities for lawyers advising on secured transactions. The only practice-oriented resource to BC PPSA transactions, BC PPSA Practice Manual is written in plain language and guides you step by step through all parts of a secured transaction. This two-volume manual begins with a handy “Quick Reference Guide” on how to deal with common procedural questions. The chapters following are designed to assist you in achieving your goal, whether drafting a security agreement, negotiating a priority agreement, or enforcing a security interest. You will find useful checklists (including a notice period, time limitation, and grace period list) and over 60 secured transactions forms and precedents to save you time.
“PPSA is an extremely logical law, but it is far too complex for me to know off by heart. This practice manual is my roadmap, showing me the route – and pointing out the danger zones.” – Tim Schober, Pearlman Lindholm, Barristers & Solicitors
Highlights of the 2017 update
- discussion of modern PPSA opinion practice and addition of a new PPSA debtor’s counsel opinion in current use in Vancouver
- suggested opinion qualifications on: priority; non-perfection of security interest in serial numbered goods
- revised annotation in security agreement as to acceleration clause
- discussion of meaning of “chief executive office” in PPSA 7
- jurisprudence as to commercial reasonability under both PPSA and Bankruptcy and Insolvency Act discussed
- updated “Quick Reference Guide”
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CLEBC Legal Editor
L. Joy Tataryn