Document Type


Publication Date

January 2007


I'm delighted to have the opportunity to comment on the

legislation that has recently been adopted in Ontario and Alberta to revise Canadian law in a fashion consistent with the changes that were made in U.S. law by Revised Article 8 of the Uniform Commercial Code (ucc).' I will concentrate on some of the new terminology and concepts used in the Securities Transfer Act (STA 2 and related revisions of the Personal Property Security Act (PPSA).

The old newspaper device of "who, what, when, where, how, why" provides a useful tool for a survey of the approach taken by the new STA to the commercial law of the modern indirect holding system.