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).