Bill 39 (Legislature 14, Session 4)

L14 S4 1871

Alberta — Bills

No. 39 4th Session, 14th Legislature, Alberta 10 Elizabeth II BILL 39 A Bill to amend The /Prearranged Funeral Services Act HON. MR. MANNING Printed by L. S. WALL, Printer to the Queen's Most Excellent Majesty, Edmonton, Alberta, 1962

Explanatory Note 2. In 1961 the Act was amended to provide that if a plan was discontinued the licensee could retain 12% of the moneys paid. Prior to this the 12% could only be retained if the plan had been in operation for at least three years. Certain amendments that should have been made at that time were overlooked and are now made by this Bill.

Section 5, subsection (2) presently reads: "

(2) Subject to subsection (2) of

section 7, a llcensee may, if the plan so provides, retain not more than twelve per cent of the moneys payable under the plan.".

Section 7, subsections (2) and (3) presently read: "

(2) Where, after a plan has been in operation, a payment is made pursuant to clause (

a) of subsection (1), tl;te licensee shrull pay to the person entitled to such payment, an amount equal to the sum, if any, retained by the licensee pursuant to subsection (2) of

section 5.

(3) Every prearranged funeral plan shall contain a provision that the moneys paid thereunder may be withdrawn in the manner specified in subsections (1) and (2) and without payment of a penalty or other charge, other than as permitted under subsection (3) of

section 5.". 4. Commencement of Act.

BILL No. 39 of 1962

An Act to amend The Prearranged Funeral Services Act (Assented to , 1962) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Prearranged Funeral Services Act, being

chapter 76 of the Statutes of Alberta, 1960, is hereby amended.

Section 5, subsection (2) is amended by striking out the words and figures "Subject to subsection (2) of

section 7, a~' and by substituting the word "A".

Section 7 is amended (

a) by striking out subsection (2), (

b) as to subsection (3) by striking out the words and figures "subsections (1) and (2)" and by substitut ing the word and figure "subsection (1)". 4. This Act comes into force on the day upon which it is assented to.

No. 39 FOURTH SESSION FOURTEENTH LE'GISLATURE 10 ELIZABETH II 1962 BILL

An Act to amend The Prearranged Funeral Services Act Received and read the First time ............... .. Second time Third time ....................................... . HON. MR. MANNING Title: 1962 (14th, 4th) Bill 39,

An Act to amend The Prearranged Funeral Services Act

Document details

Collection	Alberta — Bills
Citation	L14 S4 1871
Type	bill
Volume / chapter	L14 S4 1871
Language	en
Format	json
Source	PROVINCIAL
Identifier	aa15959d5e8749915b8bd63a85fc067778c54cd7

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