Bill 82 — First Session, 17Th Legislature, 21 Elizabeth Ii the Legislative Assembly of Alberta Bill 82 the Fran,Chises Amend'Ment Act, 1972 'The Attorney General (Legislature 17, Session 1)

L17 S1 5063

Alberta — Bills

1972 Bill First Session, 17th Legislature, 21 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL The Fran,chises Amend'ment Act, 1972 'THE ATTORNEY GENERAL First Reading . . . . . . . Second Reading . Third Reading . . . . . . . . . . . . . . . . . Printed by L. S. Wall, Queen's Printer, Edmonton BILL 82 THE FRANCHIS,ES AME'NDMENT ACT, 1972 ( Assented to ,1972) !IER MAJ~ST'y, by alnd with the adv:il0e and consent of . the Leglsliahve Assembly of Alberta, enacts as follows: 1. The Franchises Act is hereby amended. 2.

Section is amended by adding the following clauses after clause. 16: 16.1 "salesman" means an individual who engages on behalf of a franchisor in negotiating or concluding a trade in a franchise; 16.2 "specified operative date" means the date specified by the regulations as the "specified operative date" for the purposes of sections and 28;

Section 5, subsection (1) is amended by striking out the words "February 1st, 1972," and by substituting there for the words "the specified operative date". 4.

Section is amended b1! striking out the words "Feb ruary 1st, 1972" and by substituting therefor the words "the specified operative date". 5.

Section is amended by adding the following clause: 9.1 specifying a date as the "specified operative date" for the purposes of sections and 28, 6. This Act comes into force on the day upon which it·i,g assented to. Explanatory Notes l. This Bill will amend

chapter of the Statutes of Alberta, 1971. 2. The new clause 16.2 and the related amendments in this Bill will permit flexibility in establishing an effective date for enforcement purposes. The new clause 16.1 defines "salesman" to clarify the applica tion of the registration requirements. 3. The effective date is changed. Section 5(1) reads: 5.

(1) On or after February 1st, 1972, no per,son shall trade in a franchise in Alberta either 'on his own aec.ount or on behalf of any other person until there have been filed with the Commission both an application for registrati.on in the prescribed form and a prospectus in respect to. the offer of such franchise and until a receipt for the prospectus has been .obtained from the Registrar. This will allow more time for registration. 4.

Section reads: 28. On and after February 1st, 1972 no franchisor shall conclude a trade in any franchise without providing to the pU!'lchaser a statement of material facts, prospectus or amended prospectus in accordance with

section 34. 5.

Section deals with the r'egulations to be made by the Lieutenant Governor in Council. Title: 1972 (17th, 1st) Bill 82, The Franchises Amendment Act, 1972

Document details

Collection	Alberta — Bills
Citation	L17 S1 5063
Type	bill
Volume / chapter	L17 S1 5063
Language	en
Format	json
Source	PROVINCIAL
Identifier	50552775b8abb3aff913744cb10ceb4eb158cbb0

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