Commonwealth Numbered Acts

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PERSONAL PROPERTY SECURITIES ACT 2009 (NO. 130, 2009) - SECT 164

Defects in registration--general rule

             (1)  A registration with respect to a security interest that describes particular collateral is ineffective because of a defect in the register if, and only if, there exists:

                     (a)  a seriously misleading defect in any data relating to the registration; or

                     (b)  a defect mentioned in section 165.

             (2)  In order to establish that a defect is seriously misleading, it is not necessary to prove that any person was actually misled by it.

             (3)  A registration that describes particular collateral is not ineffective only because the registration is ineffective with respect to other collateral described in the registration.



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