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ARTICLE · 18 FEBRUARY 2019

A Second Chance At Perfection: Saskatchewan's PPSA Amendments And Re-Registration

Miller Thomson
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As we summarized in a recent Financial Services & Insolvency Communiqué, Saskatchewan has introduced Bill 151 (the Bill) which amends The Personal Property Security Act, 1993 (Saskatchewan) (the PPSA or the Act).

CanadaFinance and Banking
David Gerecke
David Gerecke
Wuraola Dasylva
Wuraola Dasylva
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As we summarized in a recent  Financial Services & Insolvency Communiqué, Saskatchewan has introduced Bill 151 (the Bill) which amends The Personal Property Security Act, 1993 (Saskatchewan) (the PPSA or the Act).  Over the coming weeks our  Saskatchewan Financial Services team will bring you a number of posts to inform you about the coming changes and how they may impact you.

This post will focus on amendments that address two priority competitions that may arise when a secured party's registration is discharged in error or lapsed and then re-registered.

Currently, the PPSA contains the following provision:

35(7)  Where

(a)           registration of a security interest:

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