Bill 62 (Legislature 7, Session 2)

L7 S2 8801

Alberta — Bills

Bill No. 62 of A BILL TO AMEND THE BILLS OF SALE ACT. NOTE

Section of the Bill repeals subsection (2) of

section of the Act which requires the registration of every defeas ance or declaration of trust subject to which any bill of sale is given.

Section of the Bill makes specific provision in the case of the formation of a new registration district.

Section of the Bill expressly excludes from the operation of the Act trust deeds and similar instruments to secure bonds, debentures or debenture stock of any corporation executed before the first day of October, 1929, and registered pursuant to

Chapter of the Revised Statutes of Alberta, 1922. R. ANDREW SMITH, Legislative Counsel. (This note does not form any part of the Bill amd is ofjeroed merely as a partial explanation of some of its provisions.) BILL No. 62 of

An Act to amend The Bills of Sale Act. (Assented to ,1932.) HIS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. This Act may be cited as "The Bills of S((7e Act Amendment .4ct, 1932." 2. Thr Bills of Sale Act, being

chapter of the Statutes of Alberta, 1929, is hereby amended -as to

section thereof by repealing subsection (2). 3. The said Act is further amended by inserting therein, immediately after

section thereof, the following new sec tion: "17((.

In the case of the establishment of a new registra tion district, every bill of sale evidencing a mortgage of chattels relating to property situate therein which was duly registered at the time of such establishment shall, until it becomes necessary to register a renewal statement in respect of such bill of sale, continue to be as valid and effectual in all respects as it would have been if the new district had not been established; but in the event of a renewal of any such bill of sale after the establishment of such new district, the renewal statement 'shall be filed in the office of the registra tion clerk of such new district, together with a certified copy of the bill of sale to which such renewal statement relates. and of any renewals thereof under the hand of the registra tion clerk in whose office the same were filed; and no such bill of sale in force and registered 'at the date of the estab· lishing of such new district shall lose its priority by reason of its not being registered in the office of the registration clerk of such new district prior to its renewal." -to The said Act is further amended as to

section there·, of by adding at the end thereof the following new subsec tion: "(3 ) Nothing in this Act shall apply to any trust deed or other like instrument to secure bonds, debentures or de benture stock of any corporation executed at any time befol'e the first day of October, 1929, which ,nlS registered pur sU'ant to The Bills of S((7(' Act, being

chapter of the Hevised Statutes of Alberta, 1922." Nb.62. SECOND SESSION SEVENTH LEGISLATURE GEORGE V BILL

An Act to amend The Bills of Sale Act. Received and read the First time .................... . Second time ................... . Third time .................... . HON. MR. LYMBURN EDMONTON: w. D. McLEAN, KING'S PIUNTEH Title: 1932 (7th, 2nd) Bill 62,

An Act to amend The Bills of Sale Act

Document details

Collection	Alberta — Bills
Citation	L7 S2 8801
Type	bill
Volume / chapter	L7 S2 8801
Language	en
Format	json
Source	PROVINCIAL
Identifier	c4b58e252139d653c5cdee214e84f6126a0ee6c4

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