PPSA 1201 - Legislative Update:
Recent Amendments to the PPSA
About the Course
This course is designed for enrollees who have proficiency with the PPSA and an interest in learning about the suite of legislative amendments that took force in Saskatchewan in June 2020. Saskatchewan is the first Canadian province or territory to comprehensively implement the legislative reform recommendations set out in the 2017 Report of the Working Group (of which I am a member) established by the Canadian Conference on Personal Property Security Law (CCPPSL). Material changes to the PPSA and its Regulations, brought about by The Personal Property Security Amendment Act, 2019, SS 2019, c. 15, are the subject of this course.
Scheduled Instruction
3 hours
Program
Session 1: Allocation of Payments; Set-Off & Account Debtor Rights
Session 2: Purchase-Money Security Interests: Related Transactions & Cross-Collateralization; Refinancing, Consolidation & Preservation of Status
Session 3: Developments in Dealer Financing: Electronic Chattel Paper & Control
Session 4: Conflict of Laws
Session 5: Registration in the Personal Property Registry: Rules for Serial Numbered Goods
Session 6: Temporal Issues: Time of Perfection in Relation to Bankruptcy and Time of Priority Determination
About the PPSA
The PPSA governs security interests in personal property. In force in each common law province and territory, it is one of Canada’s most important commercial statutes. Transactions governed by the PPSA include conventional secured loans, conditional sale contracts, security leases, leases for a term of more than one year, security consignments, commercial consignments, security trusts, and transfers of accounts and chattel paper. Failure to comply with the technical requirements of the PPSA can be fatal to a secured party’s claim to the collateral. Sound command of the statute is therefore an absolute must for any successful commercial lawyer, banker or finance specialist.
Discontinued as a Public Course
PPSA 1201 is no longer delivered publicly, only privately. If your organization is interested in arranging for private delivery of PPSA 1201, please contact Clayton Bangsund for pricing, scheduling and other details.
