Personal Property Registry (PPR)
The Personal Property Registry (PPR) is the name British Columbia and New Brunswick give their registries of security interests in personal property. BC Registries says British Columbia’s records security interests and liens under its Personal Property Security Act, and Service New Brunswick says anyone can search New Brunswick’s.
Anyone buying a business’s assets or lending against them meets the PPR through a search. In these two provinces it is the registry a PPSA search looks in, as distinct from the filing itself, which is a financing statement.
Two provinces, as the sources describe them
- British Columbia: the Personal Property Security Act (s. 42(1)) requires a registry known as the personal property registry, and BC Registries says the PPR records security interests and liens against personal property belonging to businesses and individuals.
- British Columbia searches may be requested by debtor name, by serial number of certain goods, or by registration number (s. 48(1)).
- New Brunswick: the Act (s. 42(1)) says there shall be an electronic registry known as the Personal Property Registry, and Service New Brunswick says anyone can search it for security interests against personal property in the province.
- This entry covers British Columbia and New Brunswick only; check the registry and the rules where you are.
Ask a lawyer which registries cover the business’s assets and under which debtor names to search, then read the results with them.
Sources
This definition is checked against primary sources. Links were last confirmed on the dates shown.
- 01Government of British ColumbiaGovernmentPersonal property liens and searches
- 02Government of British Columbia (BC Laws)GovernmentPersonal Property Security Act, RSBC 1996, c. 359
- 03Service New BrunswickGovernmentPersonal Property Registry
- 04Government of New BrunswickGovernmentP-7.1 - Personal Property Security Act
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