Secured Transactions Act · 2022 Revised Edition · Part · Registration
45. Person may register financing statement
Official textFrom Attorney General's Chambers, unchanged
A person may register a financing statement which shall contain the following particulars —
financing statement
“financing statement” means forms in writing or their electronic equivalent as provided in the regulations on which information is provided in order to effect, amend, terminate or continue a registration;
if the debtor is —
an individual, the name, address and, identification card number or passport number;
an unregistered company —
the name and address of the company; and
the name, job title and contact details of the person acting on its behalf;
a registered company;
a unique number assigned to it on its incorporation; and
name, address and phone number of the company;
Secured Transactions
if the secured party is —
an individual, the name, address and, identification card number or passport number;
an unregistered company, the name and address of the company; or
a registered company;
a unique number assigned to it on its incorporation; and
name, address and phone number of the company;
a description of the collateral; and
any other particulars as the Registrar may require to be contained in the financing statement.
In this section, “unregistered company” has the same meaning as in section 192 of the Insolvency Act (Chapter 247).
Terms defined in s 3
collateral
Defined · s 3“collateral” means personal property that is subject to a security interest;
financing statement
Defined · s 3“financing statement” means forms in writing or their electronic equivalent as provided in the regulations on which information is provided in order to effect, amend, terminate or continue a registration;
Registrar
Defined · s 3“Registrar” means the Registrar of Collateral Registry appointed under section 5 and includes any Deputy Registrar of Collateral Registry;
secured party
Defined · s 3“secured party” means a person in whose favour a security interest is created, including — (a) a consignor; (b) a financial lessor and a lessor who acquired goods under an operating lease; (c) a transferee of an intangible; (d) a seller who reserved title to the sold goods; or (e) a trustee or agent of the person referred to in paragraphs (a) to (d);
Part
Enforcement of Security Interests
Part