Commentary on Sections Part 2 – Security over Moveable Property Assignation, amendment, restriction or extinction of statutory pledge Section 59 – Restriction or discharge of statutory pledge
274.This section provides for the secured creditor to be able to either restrict or discharge a statutory pledge by way of a written statement. This can be registered as a correction, if desired, but does not need to be. See paragraphs 369 and 433 of these Notes for further details.