An Act respecting life leases CONTENTS PART I GENERAL 1. Definitions 2. General application 3. Restriction or waiver of application void 4. Minister may prepare guide PART II PAYMENTS AND DISCLOSURE 5. Permitted payments 6. Acknowledgement of receipt 7. Pre-lease payment held in trust 8. Entrance fee held in trust 9. Statement of cancellation rights from landlord 10. Failure to give possession 11. Notice of possession date PART III RESERVE FUNDS, INSURANCE AND ANNUAL REPORTING 12. Reserve fund for prescribed landlord 13. Insurance required 14. Meetings 15. Notice of board meeting 16. Audited financial statements 17. Contact information PART IV TRUSTEES AND REFUNDABLE ENTRANCE FEES 18. Appointment of trustee re entrance fees 19. Entrance fee paid to trustee 20. Minimum refundable 21. Refund fund PART V OFFENCES AND PENALTIES 22. Offence: false or misleading statement PART VI REGULATIONS 23. Regulations by L.G. in C. PART VII COMMENCEMENT AND SHORT TITLE 24. Commencement 25. Short title — Bill 155 (41st Parliament, 2nd Session)