The Floating Charge in Canada

  • Roderick J. Wood


This article examines the evolution of the floating charge in England and Canada, and predicts its demise as a conceptually discrete security device upon the enactment of personal property security legislation in the provinces. However, the author contends that a study of the floating charge can aid our understanding of the economic and historical processes that shaped the judicial attitude towards the security idea and explains how this will be of continuing relevance following the implementation of a personal property security regime in Alberta.