Commonwealth Consolidated Acts

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PERSONAL PROPERTY SECURITIES ACT 2009 - SECT 138

Person making objection may be requested by secured party to prove interest

  (1)   A secured party who, in accordance with subsection   137(2), is given a notice of objection by a person (other than the grantor) may request the person to provide proof of that person's interest.

  (2)   The notice of objection is taken not to have been given by the person in accordance with subsection   137(2) if the person does not provide proof of the person's interest before the end of 10 business days after the day the secured party's request is made.

Note:   The period may be extended by a court under section   293.



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