Amendments To The PPSA (British Columbia) Affecting Where To Register Security Interests

On June 1, 2019, amendments were made to British Columbia's Personal Property Security Act (the "PPSA") that affect where security interests in certain types of collateral must be registered in order to ensure perfection is achieved. These changes bring British Columbia in line with the regime in Ontario that was adopted in late 2015, which we described previously.

Primarily, the amendments change the rules regarding the determination of the location of the debtor, which impact the following:

1. which province's laws govern the validity, perfection and priority of security interests in mobile goods and intangibles, as well as non-possessory security interests in instruments, documents of title, money and chattel paper; and