1 FARM SECURITY B I L L No. 230 of

An Act to amend The Saskatchewan Farm Security Act (Assented to , 1997) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Saskatchewan, enacts as follows:

Short title This Act may be cited as The Farm Security Amendment Act, 1997. S.S. 1988-89, c.S-17.1, s.27 amended

Section of The Saskatchewan Farm Security Act is amended by repealing subsection (3) and substituting the following therefor: “

(3) When a farmer exercises the right of first refusal pursuant to subsection (2) (

a) the farmer is bound by this Act not to sell, lease or otherwise dispose, except by way of mortgage, of that farm land for a period of one year from the date the right of first refusal was exercised; and (

b) the mortgagee is entitled to receive, and the farmer shall pay, the entire purchase price without any obligation to finance all or part of the purchase price.” Coming into force This Act comes into force on assent.