Property and civil rights fall under provincial jurisdiction in Canada, land and security interest registries differ from one province to the next. In Saskatchewan, there are, in fact, a number of different registries where secured parties register their interests. The particular registry will depend on the type of collateral that secures a debt or obligation. For instance, security interests taken in personal property should be registered in the Saskatchewan Personal Property Registry. However, when land is charged with an interest, that interest should be registered in the Land Titles Registry. Security interests taken in a debtor’s Crown dispositions, such as a Crown Potash Lease or a Crown Petroleum and Natural Gas Lease should be registered in the Mineral Administration Registry Saskatchewan or with the Ministry of the Economy.
The timely and proper registration of a security interest in many cases is necessary for perfecting the interest and rendering the interest opposable against other parties. McKercher LLP has advised numerous secured parties and security parties in commercial and financial transactions as to appropriate security and the proper registration of security interests. Please contact one of our lawyers for specific questions related to these matters.
