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
A secured party may effect a sale of the collateral under section 66 by auction, public tender, private sale or any other method as may be provided in the security agreement.
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);
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);
security agreement
“security agreement” means an agreement between the debtor and secured party that creates or provides for a security interest;
Part