Canada Transportation Act

Marginal note:Deposit of documents

• 105 (1) A document, or a copy or summary of a document, evidencing any of the following transactions may be deposited in the office of the Registrar General of Canada:

  • (a) a lease, sale, conditional sale, mortgage, hypothec, bailment or security agreement relating to rolling stock or any accessories or appurtenances relating thereto; and

  • (b) an amendment, assignment or discharge of a document mentioned in paragraph (a).

• Marginal note:Contents of summary

  (2) A summary of a document must include any information that the Governor in Council may prescribe by regulation.

• Marginal note:Effect of deposit

  (3) Once the deposit is made, the document need not be deposited, registered or filed under any other law or statute respecting real or personal property, and the document is valid against all persons.

• Marginal note:Notice of deposit

  (4) Notice of the deposit must be published in the Canada Gazette without delay.