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Secured transactions law in Canada - Significant achievements, unfinished business and ongoing challenges
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- Author(s) / Creator(s)
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Introduction: Secured transactions law in all of Canada's provinces and territories is today consolidated in a modern statutory framework: the Personal Property Security Act (PPSA) in the common law provinces and territories, and the Civil Code regime in Quebec. The road to reform was a long one, spanning a 25-year period beginning with Ontario's proclamation of the PPSA in 1976 and ending in its adoption by Nunavut and the Northwest Territories in 2001. In Quebec, reform came about as part of a much larger initiative: the implementation of a new Civil Code in 1994. With the fundamental reform push now behind us, it seems timely to examine both the past and the future. What has worked, what unfinished business remains and what lies on the horizon?
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- Date created
- 2011
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- Article (Published)
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- License
- © 2011 Canadian Business Law Journal. This article has been reproduced with the permission of the CBLJ.