Section

SECTION 22: Same priority for original collateral, proceeds and advances

Part of
Secured Transactions in Movable Assets Act 2017

A security interest has the same priority in respect of the original collateral, its proceeds, and advances made under the security agreement.

Read the full section with Sanctum

Sanctum is the key to all NLC content: judgments, principles, statutes, rules and forms. Choose a plan from 1 month to 36 months.