This new bill is very complicated and lengthy. It is going to establish new systems for registration of transactions involving security interests. It is to replace the systems that are set out in the assignment of Book Debts Act; Bills of Sale Act; Conditional Sales Act; Corporation Securities Registration Act and Document Registry Act. If this bill is passed and comes into effect, what happens to the acts that I just mentioned? Do they have to be repealed somewhere, do they continue with the clauses in them or does this act replace those other acts?
Fred Koe on Bill 7: Personal Property Security Act
In the Legislative Assembly on March 2nd, 1994. See this statement in context.
Bill 7: Personal Property Security Act
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
March 1st, 1994
Page 478
Fred Koe Inuvik
See context to find out what was said next.