Secured Transactions Act · s 20

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s 20Perfection where goods in hands of bailee

A security interest in goods in the possession of a bailee may be perfected when —

(a)

the security interest has been created and a financing statement relating to the goods is registered;

(b)

possession of a negotiable document of title to the goods has been delivered to the secured party; or

(c)

the bailee has issued a document of title in the name of the secured party or holds the goods on behalf of the secured party.

Secured Transactions