Acts and Regulations

2009-116 - Personal Property Security Act

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NEW BRUNSWICK
REGULATION 2009-116
under the
Personal Property Security Act
(O.C. 2009-422)
Filed October 21, 2009
1Subsection 24(1) of New Brunswick Regulation 95-57 under the Personal Property Security Act is amended
(a) by repealing paragraph (a) and substituting the following:
(a) a description of the collateral by item or kind or by reference to one or more of the following: “goods”, “document of title”, “chattel paper”, “investment property”, “instrument”, “money” or “intangible”,
(b) by repealing paragraph (c) and substituting the following:
(c) a statement that a security interest is taken in all of the debtor’s present and after-acquired personal property except specified items or kinds of personal property or except one or more of the following: “goods”, “document of title”, “chattel paper”, “investment property”, “instrument”, “money” or “intangible”.
2This Regulation comes into force on February 1, 2010.