The Personal Property Security Act of Alberta - Implications for Oil and Gas Lenders

  • M. Jacqueline Sheppard
  • Loraine C. Champion
Keywords: Energy Law, Petroleum Law


The proposed Personal Property Security Act introduces a new statutory regime for taking and perfecting security interests in personal property. Lawyers acting in secured transactions involving oil and gas assets must become knowledgeable about the Act and its advantages and pitfalls. Vie paper reviews key concepts introduced by the Act and assesses the impact of the Act on secured oil and gas financings.