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ARTICLE · 30 JANUARY 2019

Saskatchewan's PPSA Amendments – How Will Changes To Conflicts Of Laws Rules Be Implemented? Part 2

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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

CanadaFinance and Banking
David Gerecke
David Gerecke
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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 and months 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.

Our last post focused on changes to the rules on conflicts of laws being introduced in the Bill (Part 1).  This post is going to address how these changes will be implemented.

The Transition Rules – What Happens if the Amendments Affect Your Perfection or Priority?

As we noted in Part 1, "transition" is an unhappy word for secured creditors and their lawyers when it comes to legislation.  It means things will change, and one needs to pay very close attention to when and how they will change, or a creditor's security and/or priority may be at risk.

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