Personal Property Securities Act 2009

This document concerns the principles and requirements for security agreements and security interests in personal property, as outlined in the Personal Property Securities Act 2009. The general rules described cover the enforceability of security interests against grantors and third parties, as well as restrictions on the transfer of collateral. Additionally, the document discusses security interests in goods that become processed or commingled, intellectual property, and the enforcement of security interests. The sections elaborating on these topics cover continuation of security interests, perfection, and limit on the value of priority, as well as rules for seizure and disposal or retention of collateral, and the secured party's obligations following enforcement.