serial number

In relation to collateral, means a serial number by which the PPS Regulations require, or permit, the collateral to be described in a registration.

The PPS Regulations provide that the following may be described by serial number:

• commercial property that is:
  • motor vehicle
  • watercraft, and
  • certain intangible property (patent, trade mark, plant breeder's right, and design).

The PPS Regulations provide that the following must be described by serial number:

• consumer property that is:
  • motor vehicle
  • watercraft
  • certain intangible property (patent, trade mark, plant breeder's right, and design), and
  • aircraft (airframe, aircraft engine, helicopter and small aircraft).
     

• commercial property that is:
  • aircraft (that is further described as airframe, aircraft engine, helicopter and small aircraft).