Bill 55 — 5 An Act To Amend the Wills Act, 1960 the Attorney General (Legislature 16, Session 3)

L16 S3 4747

Alberta — Bills

1970 Bill 53' Third Session, 16th Legislature, 19 Elizabeth II THE LEGISL.A~\kB ASSEMBLY OF ALBERTA BILL 5

An Act to amend The Wills Act, 1960 THE ATTORNEY GENERAL First Reading ........................... .. . Second Reading ., .......................... . Third Reading ............................. . Printed by L. S. Wall, Queen's Printer, Edmonton BILL 5 5

An Act to amend The Wills Act, 1960 (.,.4ssented to , 1970) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Wills Act, 1960 is hereby amended. 2. The following

section is added after

section 29: 29a.

(1) Except when a contrary intention appears by the will, where a will confers a power or imposes a duty to sell real property, the power shall be deemed to include the power to grant an option to purchase that property, if the period within which the option may be exercised is not longer than one year from the date on which the instrument granting the option is executed.

(2) Notwithstanding

section 42, subsection (1), this

section applies to wills made before, on or after July 1, 1960. 3. This Act comes into force on the day upon which it is assented to. Explanatory Notes I. This Bill amends

chapter of the Statutes of Alberta, 1960. 2. The new

section 29a is added as a result of one of the principal recommendations of the Report of The Institute of Law Research and Reform entitled "Powers of Personal Representatives to Grant Options" and issued in June, 19'69. See also Bill to amend The Devolution of Real Property Act and the note to clause of that Bill. Title: 1970 (16th, 3rd) Bill 55,

An Act to amend The Wills Act, 1960

Document details

Collection	Alberta — Bills
Citation	L16 S3 4747
Type	bill
Volume / chapter	L16 S3 4747
Language	en
Format	json
Source	PROVINCIAL
Identifier	bc3b5e9d53018ec9024b5f5d6d79e3df82f78b07

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