The Personal Property Security Act of Alberta - Implications for Oil and Gas Lenders
AbstractThe 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.
Author(s) retain original copyright in the substantive content of the titled work, subject to the following rights that are granted indefinitely:
- Author(s) grant the Alberta Law Review permission to produce, publish, disseminate, and distribute the titled work in electronic format to online database services, including, but not limited to: LexisNexis, QuickLaw, HeinOnline, and EBSCO;
- Author(s) grant the Alberta Law Review permission to post the titled work on the Alberta Law Review website and/or related websites.
- Author(s) agree that the titled work may be used for educational or instructional purposes and/or in educational or instructional materials. The author(s) acknowledge that the titled work is subject to other such "fair dealing" provisions and applicable legislation.
- Author(s) grant a limited license to those accessing the titled work from an electronic database or an Alberta Law Review website to download the titled work onto their computer and to print a copy for their own personal, non-commercial use, subject to proper attribution.
To use the journal's content elsewhere, permission must be obtained from the author(s) and the Alberta Law Review.