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    Purchase Money Security Agreement (Alberta)

    $17.99

    Secure payment for inventory sold on credit to a customer with this Purchase Money Security Agreement for the Province of Alberta.

    • The customer (debtor) grants the supplier (secured party) a purchase money security interest in the secured goods and proceeds from the sale of the goods.
    • The debtor must keep the collateral free of any other liens or security interests ranking equal to or in priority to the secured party's interest.
    • The debtor can only sell the secured goods in the ordinary course of business.
    • If the debtor defaults in payment, the secured party has the right (among other remedies) to appoint a receiver-manager over the collateral.

    The Alberta Purchase Money Security Agreement is prepared in accordance with the Personal Property Security Act.

    Download Type: Microsoft Word
    Last Updated: 21-June-2016
    SKU: 3909