Bill 260 — Second Session, 20Th Legislature, 33 Elizabeth Ii the Legislative Assembly of Alberta Bill 260 An Act To Amend the Prearranged Funeral Services Act (Legislature 20, Session 2)

L20 S2 3600

Alberta — Bills

1984 BILL 260 Second Session, 20th Legislature, 33 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 260

AN ACT TO AMEND THE PREARRANGED FUNERAL SERVICES ACT MR. ZIP First Reading Second Reading Committee of the Whole Third Reading Royal Assent

BiU 260 Mr. Zip BILL 260 1984

AN ACT TO AMEND THE PREARRANGED FUNERAL SERVICES ACT (Assented to , 1984) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Prearranged Funeral Services Act is amended by this Act.

Section 7 is amended by adding the following at the end of it:

(4) Interest eamed on money paid under a prearranged funeral plan shall be either (

a) paid no less than once a year to the person who made the payment, or his personal representative, or (

b) held in tmst on the same basis as the money paid under the plan. whichever is agreed upon between the licensee and the person who made the payment.

(5) Interest held in trust pursuant to subsection (4) shall be deemed to be part of the money held under the prearranged funeral plan for the purposes of this Act.

(6) Where a prearranged funeral plan is cancelled, the licensee may, notwithstanding subsection (2), withhold a reasonable fee to cover his administrative costs in connection with the plan, from the money held in tmst.

Explanatory Notes 1 This Bill will amend

chapter P-14 of the Revised Statutes of Alberta 1980. 2

Section 7 presently reads as follows: 7(1) Money paid to the Public Trustee or a trust company pursuant to

section 6 may, at any time on reasonable notice, be paid out in whole or in part (

a) to the person who made the payment or his personal rep resentative, on the joint authorization ofthe licensee and the per son who made the payment or his personal representative, or if the licensee is not available or refuses to authorize repayment on the direction of the Director, or (

b) to the licensee, on production of proof of the death of the person on whose behalf the payment was made and proof that the funeral services have been provided.

(2) Every prearranged funeral plan shall contain a provision stating that all the money paid under it may be withdrawn in the manner specified in subsection (1) without payment of a penalty or other charge.

(3) A person who pays money under a prearranged funeral plan is entitled to such interest on the money paid under the plan as may be agreed upon by himself and the licensee. 1

3 Coming into force.

3 This Act comes into force on January 1, 1985. Title: 1984 (20th, 2nd) Bill 260,

An Act to Amend the Pre-Arranged Funeral Services Act

Document details

Collection	Alberta — Bills
Citation	L20 S2 3600
Type	bill
Volume / chapter	L20 S2 3600
Language	en
Format	json
Source	PROVINCIAL
Identifier	180fc732919bae8d96fb5e04c2c3b26db2849264

Source file is stored in the law ingest library (json).