Personal Property Securities (Corporations and Other Amendments) Act 2010 (96 of 2010)
Schedule 2 Personal Property Securities Act 2009
Part 1 Specific amendments
42 Paragraph 32(1)(a)
Repeal the paragraph, substitute:
(a) continues in the collateral, unless:
(i) the secured party expressly or impliedly authorised a disposal giving rise to the proceeds; or
(ii) the secured party expressly or impliedly agreed that a dealing giving rise to the proceeds would extinguish the security interest; and
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