• Specific Year
    Any

PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 113 Recovering judgment or issuing execution does not extinguish a security interest in collateral

PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 113

Recovering judgment or issuing execution does not extinguish a security interest in collateral

    The fact that a secured party has recovered judgment, or issued execution, against a grantor in relation to collateral does not extinguish the security interest in the collateral.