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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).