Acts and Regulations

2012, c.107 - Marital Property Act

Full text
Spouses’ right to redemption or relief against forfeiture
21(1)In any proceeding to realize on a lien, encumbrance or execution, or to exercise a forfeiture, against property that is or includes an interest in a marital home, the spouse who has a right of possession by virtue of section 18 has the same right to redemption or relief against forfeiture as the other spouse has and is entitled to any notice respecting the claim and its enforcement or realization to which the other spouse is entitled.
21(2)If a spouse makes any payment by way of or on account of redemption or relief against forfeiture under the right conferred by subsection (1), the payment shall be applied in satisfaction of the claim giving rise to the lien, encumbrance, execution or forfeiture.
1980, c.M-1.1, s.21
Spouses’ right to redemption or relief against forfeiture
21(1)In any proceeding to realize on a lien, encumbrance or execution, or to exercise a forfeiture, against property that is or includes an interest in a marital home, the spouse who has a right of possession by virtue of section 18 has the same right to redemption or relief against forfeiture as the other spouse has and is entitled to any notice respecting the claim and its enforcement or realization to which the other spouse is entitled.
21(2)If a spouse makes any payment by way of or on account of redemption or relief against forfeiture under the right conferred by subsection (1), the payment shall be applied in satisfaction of the claim giving rise to the lien, encumbrance, execution or forfeiture.
1980, c.M-1.1, s.21