2004 c. 26 SASKATCHEWAN FARM SECURITY

CHAPTER

An Act to amend The Saskatchewan Farm Security Act (Assented to June 10, 2004) 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 Saskatchewan Farm Security Amendment Act, 2004. S.S. 1988-89, c.S-17.1 amended The Saskatchewan Farm Security Act is amended in the manner set forth in this Act.

Section amended Subsection 68(3) is amended: (

a) by adding “and ” after clause (a); (

b) by striking out “and ” after clause (b); and (

c) by repealing clauses (

b) and (

c) and substituting the following: “(

b) one of the following circumstances exists: (

i) the security agreement does not, in whole or in part, secure debt previously incurred by that farmer with that secured party; (ii) in the case of a security agreement that does secure debt previously incurred by that farmer with that secured party, a certificate of independent legal advice in the prescribed form has been executed with respect to the waiver”.

Section amended

Section is amended by striking out “The Cities Act ,”. Coming into force This Act comes into force on proclamation. SASKATCHEWAN FARM SECURITYc. 26 2004 REGINA, SASKATCHEWAN Printed by the authority of THE QUEEN’S PRINTER Copyright©2004