Bill 221 — Third Session, 20Th Legislature, 34 Elizabeth N the Legislative Assembly of Alberta Bill 221 An Actio Amend the Securities Act (Legislature 20, Session 3)

L20 S3 3437

Alberta — Bills

1985 BILL Third Session, 20th Legislature, 34 Elizabeth n THE LEGISLATIVE ASSEMBLY OF ALBERTA BILL AN ACTIO AMEND THE SECURITIES ACT MR. GURNETT First Reading Second Reading •«-.-'—— Committee of the Whole JA+^.K.^J -^MWU Third Reading Royal Assent ^^'••-- • Bill Mr. Gurnett BILL

AN ACT TO AMEND THE SECURITIES ACT (Assented to , 1985) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Alberta, enacts as follows: 1 The Securities Act is amended by this Act. 2 In

section 167, (

a) in subsection (1) "one year" is struck out and "5 years" is substituted, and (

b) in subsection (2) "2" is struck out and "5" is sub stituted. In accordance with section 4(1) of the

Interpretation Act, this Bill comes into force on the date it receives Royal Assent. Explanatory Notes This Act will amend

chapter S-6.1 of the Revised Statutes of Alberta 1980. 2

Section presently reads: 167(1) No proceeding under this Part shall be commenced in a court more than one year from the day that the facts upon which the proceedings are based first came to the knowledge of the Commission.

(2) No proceedings under this Act shad be commenced before the Commission more than 2 years from the day that the facts upon which the proceedings are based first came to the knowledge of the Commission.

(3) The Commission may by certificate certify the day on which the facts referred to in subsection (1) or (2) first came to the knowledge of the Commission. Title: 1985 (20th, 3rd) Bill 221,

An Act to Amend the Securities Act

Document details

Collection	Alberta — Bills
Citation	L20 S3 3437
Type	bill
Volume / chapter	L20 S3 3437
Language	en
Format	json
Source	PROVINCIAL
Identifier	c0f65d91eb87f12a986dc6c1c7ccc949c430633d

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