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What is the Personal Property Security Act and how is Nova Scotia's different from Manitoba's?
How does Nova Scotia's PPSA differ from Manitoba's PPSA?
While the basic principles of the PPSA are the same across all provinces and territories in Canada, each jurisdiction has its own unique legislation. In Nova Scotia, the PPSA requires the use of an "Accession Number" for registrations, while in Manitoba, a "Registration Number" is used. Additionally, there may be specific rules and procedures that are unique to each province, and it is important for lenders to be aware of these differences when conducting transactions.