Derek Moran
PERFECTION (Dictionary of Canadian Law): 1. of a security interest deals with those steps legally required to give the secured party an interest in the property against the grantor's creditors. An instrument such as a debenture or mortgage is said to become perfected when it is recorded or registered in the appropriate registry as a matter of record, and that recording or registration renewed and kept current and subsisting so that notice to the grantor's debtors does not lapse. 2. a security interest, even though it may be registered, cannot be perfected until it has ATTACHED.
Printed copy · Anthology Volume 4, page 344 · cut by a page break
