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What is the Personal Property Security Act and how is Nova Scotia's different from Newfoundland's?
Can you tell me about the Personal Property Security Act and the differences between Nova Scotia's and Newfoundland's versions?
The Personal Property Security Act is a law that governs the creation and enforcement of security interests in personal property. In Nova Scotia, the act applies to all types of personal property, while in Newfoundland it only applies to tangible personal property. Additionally, there are differences in the registration and enforcement procedures between the two provinces.