"Two in the Bush: When a Registered Security Interest is Not a Bird in the Hand",
National Banking Law Review, April 2011, Vol. 30, No. 2
Date:
June 17 2011
Jennifer Dezell and Jill Macgillivray co-wrote the article "Two in the Bush: When a Registered Security Interest is Not a Bird in the Hand" published in the National Banking Law Review.
On November 5, 2010, the Supreme Court of Canada gave judgment in two companion cases involving security granted under s. 427 of the Bank Act, S.C. 1991, c. 46 [the Bank Act], in competition with security granted under the Personal Property Security Act, S.S. 1993, c. P-6.2 [the PPSA]. The two cases, Bank of Montreal v. Innovation Credit Union and Royal Bank of Canada v. Radius Credit Union Ltd. gave the Court an opportunity to bring some clarity to what had become, in the Court’s words, “a muddled area of law”.
Reproduced with permission of the publisher from National Banking Law Review, Vol. 30, No. 2, April 2011.
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