Personal Property Securities Act 1999 No 126 (as at 26 September 2008), Public Act

27 Continuity of perfection where goods are moved to New Zealand
  • (1) A security interest in goods that is perfected under the law of the jurisdiction in which the goods are situated when the security interest attached and before the goods are brought into New Zealand continues to be perfected in New Zealand if it is perfected in New Zealand by the earliest of the following:

    • (a) not later than 60 days after the day on which the goods are brought into New Zealand; or

    • (b) not later than 15 days after the day on which the secured party has knowledge that the goods have been brought into New Zealand; or

    • (c) before perfection ceases under the law of the jurisdiction in which the goods were situated when the security interest attached.

    (2) A security interest that is not perfected as provided in subsection (1) may be otherwise perfected in New Zealand under this Act.

    Compare: Personal Property Security Act 1993 s 5(3), (4) (Saskatchewan)