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Acts and Regulations

P-7.1 - Personal Property Security Act

Full text

In force date

2006-12-31 Show full text at this date

Regulations

71(1)The Lieutenant-Governor in Council may make regulations

(a) prescribing the kinds of goods the leases of which are not within the scope of this Act;

(b) prescribing duties and powers of the Registrar;

(d) respecting any matters relating to fees payable in relation to registrations, searches or any other matter under this Act or the regulations, including the amount of the fees and their manner of payment;

(e) respecting the data to be entered in the Registry to effect, renew, discharge or otherwise amend a registration authorized by this Act and any other matters relating to registrations under this Act;

(f) respecting the data to be entered in the Registry to effect, renew, discharge or otherwise amend the registration of interests or notices authorized by any other Act to be registered in the Registry and any other matters relating to those interests or notices and their registration, including the application of any provision of this Act or the regulations;

(g) respecting the form, content and manner of use of notices under this Act, including notices authorized to be registered in a land registry office or a land titles office under section 49;

(h) respecting the description of collateral, including proceeds collateral, that is to be included in financing statements and financing change statements and prescribing the kinds of goods that may be described in part by serial number and the kinds of goods that must be described in part by serial number and the requirements of a description by serial number;

(i) respecting the time, place and all other matters relating to searches of the records of the Registry, including the method of disclosure and the form of search results;

(j) respecting any matters relating to the form, use and manner of obtaining or sending printed or electronic verification statements or notices of a registration;

(k) prescribing abbreviations, expansions or symbols that may be used in search results and in financing statements, financing change statements or other data authorized by this Act or the regulations to be entered in the Registry to effect a registration;

(l) respecting the length of time during which a registration is to be effective and the manner in which the period of time is to be specified;

(m) respecting re-registrations under subsection 35(7);

(n) prescribing, for the purposes of subsection 54(1), the maximum total amount recoverable in a single action under section 52 and the maximum total amount recoverable for all claims in a single action under section 53;

(o) prescribing amounts for the purposes of subsections 18(16), 64(6), 66(3) and 66(4);

(p) respecting any matter relating to an agreement entered into by the Registrar under subsection 43(2) including the rights and obligations of the parties to such an agreement;

(q) respecting forms for the purposes of this Act and the regulations;

(r) defining any word or expression used in this Act but not defined in this Act, and redefining, for the purposes of the registration of interests or notices authorized by any other Act to be registered in the Registry, any word or expression defined in this Act;

(s) prescribing any matter required or authorized by this Act to be prescribed.

71(2)A regulation made under subsection (1) may be made in respect of different persons, transactions, classes of persons or classes of transactions.

71(3)A power to make a regulation under this section includes the power to make regulations in respect of any interests or notices that are authorized under any Act, other than this Act, to be registered in the Registry and the registration of such interests or notices, and the provisions of this section shall be read, with the necessary modifications, to achieve this purpose.

1994, c.22, s.17