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
If the collateral is a document of title, the power of sale provided by section 66 applies to the document of title and to the goods to which it relates.
collateral
“collateral” means personal property that is subject to a security interest;
collateral
“collateral” means personal property that is subject to a security interest;
document of title
“document of title” means a writing issued by or addressed to a bailee — (a) that covers goods in the possession of the bailee and are identified or are fungible portions of an identified mass; and (b) in which it is stated that the goods identified in it will be delivered to — (i) a named person, or to a transferee of that person; (ii) a bearer; or (iii) the order of a named person;
goods
“goods” means tangible personal property and include farm products, inventory, equipment, consumer goods, trees that have been severed, and petroleum or minerals that have been extracted, but does not include chattel paper, document of title, negotiable instrument, investment security or money;
Part