1.8
CurrentMeaning of security interest
Part 1Preliminary
Division 3Definitions
1.8 Meaning of security interest
For paragraph 12(5)(b) of the Act, the extinguishment of a beneficial interest in an account or chattel paper is not a security interest.
This Act’s bill:Explanatory statement
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.