In force2022 Revised EditionCurrent version · 2022 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Secured Transactions Act · 2022 Revised Edition · Part · Enforcement of Security Interests
Secured Transactions Act · 2022 Revised Edition · Part · Enforcement of Security Interests
Official textFrom Attorney General's Chambers, unchanged
The collateral may be disposed of by the secured party in its existing condition or after repair, process or preparation for disposition.
collateral
“collateral” means personal property that is subject to a security interest;
The cost of the repair, process or preparation may be included in the expenses of enforcement.
Secured Transactions 40
collateral
“collateral” means personal property that is subject to a security interest;
secured party
“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