PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 60 Transfer of security interests does not affect priority

Commonwealth Consolidated Acts

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PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 60

Transfer of security interests does not affect priority

If a security interest in collateral is transferred, the transferred interest has the same priority immediately after the transfer as it had immediately before the transfer.

Note: Division 4 deals with transfer of collateral.

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