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Home   About Us Reports Final Report 2004 - Modernizing Canada's Secured Transactions Law: The Bank Act Security Provisions
Final Report
Modernizing Canada's Secured Transactions Law: The Bank Act Security Provisions
Table of Contents
Letter of Transmittal
Executive Summary
1. Introduction
2. The Importance of Secured Credit
3. The Evolution of Canadian Secured Transactions Law
4. Problems Caused by the Bank Act Security Provisions a. Statutory Obsolescence
b. Competing Federal-Provincial/Territorial Priorities
c. Dual Registry
d. The Pre-emption of Provincial/Territorial Legislative Objectives
5. Principles for Guiding Reform
6. Options for Reform a. Amend the Bank Act Provisions
b. Create a Federal Personal Property Security Act
c. Repeal the Bank Act Provisions
7. Transition
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