Ontario Barrister and Solicitor Practice Exam

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What is the best method for perfecting a security interest in securities?

  1. Perfection by registration

  2. Perfection by control

  3. Perfection by possession

  4. Perfection by publication

The correct answer is: Perfection by control

The best method for perfecting a security interest in securities is by control. This is because with control, the creditor has physical possession of the security or documentation giving them access to the security. This allows the creditor to have direct control over the property and to prevent others from interfering with their interest. Perfection by registration, on the other hand, only provides notice of the creditor's interest, but does not give them control or possession. Perfection by possession, while similar to control, may not be possible for certain types of securities. Additionally, perfection by publication is not a recognized method for perfecting a security interest in securities.

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