Personal property securities register

139 Personal property securities register

(1)

The Registrar must ensure that a register of personal property security interests known as the personal property securities register is kept in New Zealand.

(2)

The register is to be—

(a)

an electronic register; and

(b)

maintained for the purposes of registrations under this Act; and

(c)

operated at all times, unless—

(i)

the Registrar suspends the operation of the register, in whole or in part, in accordance with section 138; or

(ii)

otherwise provided in the regulations.

Compare: Personal Property Security Act 1993 s 42(1) (New Brunswick)