Acts and Regulations

L-1.1 - Land Titles Act

Section 2.1
Disposition versions

Full text
Interests within the scope of the Personal Property Security Act
2.1(1)This Act does not apply to an agreement that provides for an interest in property to secure payment or performance of an obligation that is within the scope of the Personal Property Security Act except to the extent that that Act expressly otherwise provides.
2.1(2)This Act applies to
(a) the creation or transfer of an interest in land including a lease, and
(b) the creation or transfer of a right to payment that arises in connection with an interest in or a lease of land other than a right to payment evidenced by a security or instrument.
2.1(3)For the purposes of subsection (2), “security” and “instrument” have the same meaning as in paragraph 4(f) of the Personal Property Security Act.
1993, c.36, s.8
Interests within the scope of the Personal Property Security Act
2.1(1)This Act does not apply to an agreement that provides for an interest in property to secure payment or performance of an obligation that is within the scope of the Personal Property Security Act except to the extent that that Act expressly otherwise provides.
2.1(2)This Act applies to
(a) the creation or transfer of an interest in land including a lease, and
(b) the creation or transfer of a right to payment that arises in connection with an interest in or a lease of land other than a right to payment evidenced by a security or instrument.
2.1(3)For the purposes of subsection (2), “security” and “instrument” have the same meaning as in paragraph 4(f) of the Personal Property Security Act.
1993, c.36, s.8