The Personal Property Security Act (PPSA), S.N.S. 1995-96, C. 13, is a new act of the Nova Scotia Legislature that reforms the system for registering security interests. The Act was passed in the House of Assembly in January 1996, and later proclaimed with the commencement of the new system. A number of existing acts were amended and the following acts repealed:
- Bills of Sale Act
- Conditional Sales Act
- Assignment of Book Debts Act
- Corporations Securities Registration Act
- Bulk Sales Act
- Instalment Payment Contracts Act
- Personal Property Lien Registry Act
Part of the reform process included an amendment to the Creditors’ Relief Act, whereby the PPSA permits the registration of notices of judgment and notices of claim against personal property.