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Law Society of Saskatchewan Courts and judges Amendments to The Personal Property Security Act

The information provided on this blog is to, the best of our knowledge, accurate and up-to-date as of the date of posting. However, please be aware that information can change rapidly and without notice. Therefore, we cannot guarantee the accuracy or completeness of the information presented after the posting date. It is advised that readers exercise due diligence and independently verify the accuracy of information they find on this blog news feed. Here are links to the most current information available in relation to our Membership, Saskatchewan Case Law, and Saskatchewan Legislation.

Amendments to The Personal Property Security Act

June 29, 2020

Important amendments to The Personal Property Security Act, 1993 and regulations come into force on June 22, 2020 that address a number of issues including:

  • security interests in electronic chattel paper,
  • payment of debts and transfers of negotiable property by electronic funds transfer; and
  • account debtor rights.

Saskatchewan has long been a leader in the development and operation of personal property law and registries in Canada. Saskatchewan is the first Canadian jurisdiction to implement these recommendations from the Canadian Conference on Personal Property Security Law. These changes will ensure that this commercial advantage is maintained for Saskatchewan businesses and consumers.

The amendments can be found on Publications Saskatchewan: https://publications.saskatchewan.ca/#/products/101547

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