Amendments To The Personal Property Security Act

Effective June 1, 2024, the Personal Property Security Act, RSA 2000, c P-7 (the “Act”), has enacted extensive changes to secured transactions law and judgement enforcement law. These changes will be accompanied by amendments to the Civil Enforcement Act, RSA 2000, c C-15, aligning the Act with its counterparts in British Columbia, Ontario, and Saskatchewan for a more consistent national approach.

Among the various sections of the Act which have been revised are choice of law rules that simplify registration and search practices as well as purchase money security interests, summarized below.

Choice of Law Rules

Under the amendments, the location of a debtor can be determined as follows: