The commercially reasonable standard will be something that will apply to essentially all of the actions of the parties. One of those will be to maintain the collateral and to not devalue it during the course of still using the collateral when you are the borrower. So this section has a very broad application that is simply saying that you must be reasonable. You can't do something that wouldn't meet a standard that other people would consider reasonable in the circumstances.
Mr. Macdougall 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 485
Macdougall
See context to find out what was said next.