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Financial Services Law Analysis and Updates for the Canadian and Cross-Border Financial Community

Category Archives: Ontario

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The Fix Is In – Repeal of Former Ontario PPSA Section 46(3) – Collateral Classifications – Has Been “Fixed”

Posted in Legislation, Ontario, PPSA

Secured parties reviewing Ontario Personal Property Security Act (PPSA) searches can now rely upon an appropriate collateral description to limit the scope of a collateral classification to perfect only the collateral described. As described in an earlier entry on our blog, on August 1, 2007 section 46(3) of the PPSA was inadvertently repealed as part… Continue Reading