Bill 115 (Legislature 12, Session 2)

L12 S2 6661

Alberta — Bills

Bill No. 115 of A BILL TO AMEND THE CONDITIONAL SALES ACT NOTE This Bill amends The Conditional Sales Act, being

chapter of the Revised Statutes of Alberta, 1942.

Section is amended for the purpose of removing there from the restrictions against actions on personal covenants in conditional sales contracts insofar as these sales relate to machinery, equipment and material used in the explora tion for or in the production of petroleum and natural gas; for example, drilling rigs sold on a conditional sale agreement. The amendment applies only to contracts made on or after the date this Act comes into force. This Bill comes into force upon assent. J. W. RYAN, Acting Legislative Counsel. (This note does not form any paTt of the Bill but is offered in explanation of its provisions.) BILL No. 115 of

An Act to amend Xhe Conditional Sales Act (Assented to , 1954) HER MAJESTY, by and with the. advice and consent of the Legislative Assembly of the Province of Alberta, enacts as follows: 1. The Conditional Sales Act, being

chapter of the Revised Statutes of Alberta, 1942, is amended. 2.

(1) Section is amended by adding immediately

Section after subsection (5) the following new subsection: amended "

(6) This

section does not apply to instalment sales of ~on-app1ioa machinery, equipment or material manufactured or made ~~~i~~ 16 for use in the exploration for, or in the production of, petroleum or natural gas.".

(2) This

section is applicable only to instalment sales Application made on or after the date this Act comes into force. ~inendment 3. This Act comes into force on the day upon which it ~OtmIf'ng In orce is assented to. No. 115 SECOND SESSION TWELITH LEGISLATURE ELIZABETH II BILL

An Act to amend The Conditional Sales Act Received and read the First time ........ . Second time ..................................... .. Third time ... HON. MR. MAYNARD Title: 1954 (12th, 2nd) Bill 115,

An Act to amend The Conditional Sales Act

Document details

Collection	Alberta — Bills
Citation	L12 S2 6661
Type	bill
Volume / chapter	L12 S2 6661
Language	en
Format	json
Source	PROVINCIAL
Identifier	d088f7fa607cf5677c83c28d503451e9773800ae

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