New Zealand Legislation: Acts

30 Validity, perfection, etc, of security interests in intangibles, movable equipment, etc

• The validity, perfection, and effect of perfection or non-perfection of a security interest is governed by the law, including the conflict of laws rules, of the jurisdiction where the debtor is located when the security interest attaches, if the security interest is—

  • (a) a security interest in an intangible:

  • (b) a security interest in goods that are of a kind that are normally used in more than 1 jurisdiction, if the goods are equipment or inventory leased or held for lease by a debtor to others:

  • (c) a non-possessory security interest in chattel paper, an investment security, a negotiable document of title, money, or a negotiable instrument.

  Compare: Personal Property Security Act 1993 s 7(2) (Saskatchewan)