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Tag Archives | personal property security register

Possession is 10/10ths of the law

The Personal Property Securities Act has removed ownership as the overriding right in the event of insolvency.  A person who merely “possesses or controls” an asset now has the same rights as an owner. If a company is insolvent all assets in the possession or control of a company in financial distress are now treated as the […]

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Alphastream Lawyers
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