Bill 29 — Second Session, 20Th Legislature, 33 Elizabeth Ii the Legislative Assembly of Alberta Bill 29 Exemptions Amendment Act, 1984 (Legislature 20, Session 2)

L20 S2 3500

Alberta — Bills

1984 BILL 29 Second Session, 20th Legislature, 33 Elizabeth II THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL 29 EXEMPTIONS AMENDMENT ACT, 1984 MR. KOWALSKI First Reading Second Reading Committee of the Whole Third Reading Royal Assent

BiU 29 Mr Kowalski BILL 29 1984 EXEMPTIONS AMENDMENT ACT, 1984 (Assented to , 1984) HER MAJESTY, by and with the advice and consent ofthe Legislative Assembly of Alberta, enacts as follows: 1 The Exemptions Act is amended by this Act. 2

Section 1(1) is amended (

a) in clause (

b) by striking out "$2000" and substituting "$4000"; (

b) in clause (f)(

i) by striking out "$2000" and substituting "$8000"; (

c) in clause (

i) by striking out "$5000" and substituting "$7500"; (

d) in clause (

k) by striking out "$8000" wherever U occurs and substituting "$40 000"; (

e) in clause (

I) by striking out "$3000" wherever U occurs and substituting "$20 000".

Explanatory Notes 1 This Bill will amend

chapter E-15 ofthe Revised Statutes of Alberta 1980. 2

Section 1(1 )(b), (f), (i), (

k) and (1) presently read: 1(1) The following real and personal property of an execution debtor is exempt from seizure under a writ of execution: (

b) furniture and household furnishings and household appliances to the value of $2000; (

f) either (

i) one automobile valued at a sum not exceeding $2000, or (ii) one motor truck, required by the execution debtor for agricultural purposes or in his trade or caUing; (

i) the necessary tools and necessary implements and equipment to the value of $5000 used by the execution debtor in the practice of his trade or profession; (

k) the house actually occupied by the execution debtor and buildings used in connection with U, and the lot or lots on which the house and buildings are situated according to the registered plan thereof if the value ofthe house, building and the lot or lots does not exceed $8000, but if the value does exceed $8000, the house, building and lot or lots may be offered for sale and if the amount bid at the sale after deduct ing aU costs and expenses exceeds $8000 the property shaU be sold and the amount received from the sale to the extent ofthe exemption shaU be paid at once to the execution debtor and is untd then exempt from seizure under any legal process, but the sale shaU not be carried out or possession given to any person untU the execution debtor has received $8000; (

I) the mobile home actually occupied by the execution debtor if the value ofthe mobile home does not exceed $3000, but if the value does exceed $3000 the mobile home may be offered for sale and if the amount bid at the sale after deducting aU costs and expenses exceeds $3000 the mobile home shaU be sold and the amount received from the sale to the extent of the exemption shaU be paid at once to the Explanatory Notes

Section 2 applies to any seizure made under the Seizures Act on or after July 1, 1984 notwithstanding that the wrU of execution re specting the seizure may have been delivered to the sheriff before July 1, 1984. In accordance with

section 4(1) ofthe

Interpretation Act, this Bill comes into force on the date it receives Royal Assent.

execution debtor and is untU then exempt from seizure under any legal process, but the sale shaU not be carried out or possession given to any person untU the execution debtor has received $3000. 3 Effective date of amendment. Explanatory Notes Title: 1984 (20th, 2nd) Bill 29, Exemptions Amendment Act, 1984

Document details

Collection	Alberta — Bills
Citation	L20 S2 3500
Type	bill
Volume / chapter	L20 S2 3500
Language	en
Format	json
Source	PROVINCIAL
Identifier	8e03b713e63c77fe8e81c494d4408283bd6174ea

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