Security Interest

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“Security interest” means any charge on or right in relation to an interest or a share in an interest that secures

the payment of an indebtedness arising from an existing or future loan or advance of money,
a bond, debenture or other security of a corporation, or
the performance of the obligations of a guarantor under a guarantee given in respect of all or any part of an indebtedness referred to in paragraph (a) or all or any part of a bond, debenture or other security of a corporation, and includes a security given under section 426 of the Bank Act, but does not include an operator’s lien; sûreté.

Source: Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, S.C. 1988, c. 28, Canada, current to May 26, 2013. Legislation

Source: Canada Petroleum Resources Act, R.S.C. 1985, c. 36 (2nd Supp.), current to April 29, 2013. Legislation

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