C. WHY REGISTER UNDER THE PPSA?
1. Practicality.
Registration common method of “perfecting” a security interest. Perfection by possession not always practical and limited to certain types of collateral. All types of collateral can be perfected by registration.
2. Notice-Filing System.
The Personal Property Security Registry (“PPSR”) is a notice-filing system. Security documents not actually filed.
Printed copy · Anthology Volume 4, page 347 · cut by a page breakPrinted copy from The Tender For Law Anthology, Volume 4, page 347 (printed 13 June 2014). Added by this site; not part of the Facebook export. A page break in the printout cut off the beginning of this comment, with its name.