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Limitations In Use Of Purchase-Money Security Interest In Cross-Collateralizatio

Limitations In Use Of Purchase-Money Security Interest In Cross-Collateralization

Davis LLP Banking & Financial Services Bulletin

Tuesday, 29 June 2010

A recent decision of the Alberta Queen’s Bench has raised some questions about purchase-money security interest (“PMSI”) proceeds and cross-collateralization of assets secured by these types of security interests. It has been suggested that this decision is unique and establishes that using a PMSI as collateral for other indebtedness of the debtor is dangerous.

This bulletin discusses the implications of this decision.

Authors

M. Sandra Appel
416.365.3524

Practice Areas

Banking & Financial Services

Limitations In Use Of Purchase-Money Security Interest In Cross-Collateralization

Davis LLP Banking & Financial Services Bulletin

Authors

Practice Areas

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