11
In forceExtinguishing etc. of security interest under corresponding law
Part IISecurity interests
11 Extinguishing etc. of security interest under corresponding law
(1)
If a security interest over goods situated in another State or in a Territory is extinguished or loses priority under the provisions of a law of that State or Territory declared under section 3(8) to be a corresponding law of that State or Territory for the purposes of this Act, that interest is also extinguished or loses priority for the purposes of the law of Western Australia.
(2)
The provisions of subsection (1) are in addition to the provisions of any other law or rule of law relating to the extinguishing or loss of priority of security interests.
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