A lien is an interest in property, similar to a security interest, which enables a creditor to retain (usually) or seize (occasionally) property belonging to a debtor. The rules governing liens in Alberta (at the time of publication) were widely varied, and controlled by a number of different statutes. This report suggests the creation of a unified Liens Act which would resolve problems such as the registration of liens, the priority of different interests on […]
|AREA OF LAW||Constitutional and Public Law Corporate and Commercial|
|TAGS||lien, non-consensual, retention, priority, perfection, claimant, secured, discharge, seizure, enforcement, attachment, buyer, claim, creditor, debt, debtor, goods, personal, Possession, Property, registration, termination|
September 2, 1992
The Bulk Sales Act, RSA 1980, c B-13, was created to protect the creditors of retailers who sell their stock and disappear before paying off their debts. The Act (as it was at the writing of this report) required that anyone buying an unusually large amount of a retailer’s stock and trade fixtures must first obtain a list of the retailer’s debts, and must pay the retailer’s creditors directly (or obtain their consent), before the […]
|TAGS||bulk sale, buyer, credit, creditor, debtor, fraud, fraudulent, merchant, seller|
Miscellaneous Statutes Amendment Act, 1992, SA 1992, c 21, s 5 (repealed the Bulk Sales Act).
January 1, 1990