Corporations Act 2001
CHAPTER 1
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INTRODUCTORY
PART 1.2
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INTERPRETATION
Division 6A
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Security interests
In this Act:
(a) a PPSA security interest in the property that is perfected by possession or control, within the meaning of the Personal Property Securities Act 2009 ; or
(b) a lien or a pledge in relation to the property.
SECTION 51D
51D
MEANING OF
POSSESSORY SECURITY INTEREST
In this Act:
possessory security interest
, in relation to property, means a security interest that is:
(a) a PPSA security interest in the property that is perfected by possession or control, within the meaning of the Personal Property Securities Act 2009 ; or
(b) a lien or a pledge in relation to the property.
Note: Security interests are either PPSA security interests, or charges, liens or pledges (see section 51A ).
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