A Generous Interpretation of Collateral

Business School, University of Exeter, Accounting Working Paper No. 06/08

18 Pages Posted: 10 Aug 2008

See all articles by Trish Keeper

Trish Keeper

Victoria University of Wellington

Rachel F. Baskerville

Victoria University of Wellington - School of Accounting and Commercial Law

Date Written: February 27, 2007

Abstract

This study offers an examination of the decision and implementation in New Zealand of a personal property security regime based in North American Article 9 Models, with specific focus on the approach in force in Saskatchewan at that time. Subsequent to the New Zealand Personal Property Securities Act 1999 coming into force in 2002, a number of cases have considered the conflicting nature of creditor interests in personal property. The research question underlying this study is "Has the new personal property security in New Zealand achieved what it set out to do?" The paper considers this developing jurisprudence and any implications of these decisions for financial reporting when the going concern assumption is under question.

Keywords: North America Article 9 Models, race horses, stallions, leasehold property, Saskatchewan, New Zealand, Personal Property Securities Act 1999

JEL Classification: M40, K12

Suggested Citation

Keeper, Trish and Baskerville, Rachel F., A Generous Interpretation of Collateral (February 27, 2007). Business School, University of Exeter, Accounting Working Paper No. 06/08, Available at SSRN: https://ssrn.com/abstract=1213733 or http://dx.doi.org/10.2139/ssrn.1213733

Trish Keeper

Victoria University of Wellington ( email )

P.O. Box 600
Wellington, 6140
New Zealand

Rachel F. Baskerville (Contact Author)

Victoria University of Wellington - School of Accounting and Commercial Law ( email )

Faculty of Commerce and Administration
PO Box 600
Wellington
New Zealand
006444636951 (Phone)
006444635076 (Fax)

HOME PAGE: http://www.victoria.ac.nz/sacl/staff/rachel-baskerville.aspx

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