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42 Man. L.J. 1 (2019)

handle is hein.journals/manitob42 and id is 1 raw text is: 







Serial Numbers Versus Proceeds Under

    the Personal Property Security Act:

        Which Regime Should Prevail?





              DARCY L. MACPHERSON



I. INTRODUCTION

ach of the twelve provincial Personal Property Security Acts (PPSAs) 1

      contain within them (i) a regime for the proper registration of security
      interests against what are termed serial number goods (or motor
vehicles under the Ontario PPSA), and (ii) a concept of proceeds. Both


    Professor, Faculty of Law, University of Manitoba, Winnipeg, Manitoba; Research
    Associate, Marcel A. Desautels Centre for Private Enterprise and the Law, Faculty of
    Law, University of Manitoba, Winnipeg, Manitoba; Doctoral Candidate, Osgoode
    Hall Law School, York University, Toronto, Ontario. I want to thank Kate Wagar for
    her research assistance, and the Legal Research Institute of the University of Manitoba
    for research funding. I also wish to thank the student editors and the anonymous peer
    reviewers of Underneath the Golden Boy for their efforts in regard to this paper. Of
    course, the responsibility for any errors that remain herein in spite of their hard work
    is entirely my own.
    Personal Property Security Act, RSA 2000, c P-7 [PPSA (Alberta)]; Personal Property Security
    Act, RSBC 1996, c 359 [PPSA (British Columbia)]; Personal Property Security Act,
    CCSM, c P35 [PPSA (Manitoba)]; Personal Property Security Act, SNB 1993, c P-7.1
    [PPSA (New Brunswick)]; Personal Property Security Act, SNL 1998, c P-7.1 [PPSA
    (Newfoundland and Labrador)]; Personal Property Security Act, SNWT 1994, c 8 [PPSA
    (Northwest Territories)]; Personal Property Security Act, SNS 1995-1996, c 13 [PPSA
    (Nova Scotia)]; Personal Property Security Act, SNWT (Nu) 1994, c 8 [PPSA (Nunavut)];
    Personal Property Security Act, RSO 1990, c P-10 [PPSA (Ontario)]; Personal Property
    Security Act, RSPEI 1988, c P-3.1 [PPSA (Prince Edward Island)]; Personal Property
    Security Act, 1993, SS 1993, c P-6.2 [PPSA (Saskatchewan)]; Personal Property Security
    Act, RSY 2002, c 169 [PPSA (Yukon)].
2   PPSA (Ontario), supra note 1.

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