Acts and Regulations

2011, c.106 - Agricultural Development Act

Full text
Agreement of sale, forfeiture and repossession
19(1)If a purchaser under this Act fails to carry out any term or condition of the agreement of sale, the Board, in addition to any other remedy provided by law or by the agreement of sale, may
(a) terminate the agreement of sale and declare the interest of the purchaser in the agreement of sale to be forfeited, and
(b) repossess the property on giving the purchaser 30 days’ notice in writing of the forfeiture and intention to repossess or, if neither the purchaser nor any of the purchaser’s legal representatives is within the Province or if the purchaser’s whereabouts is unknown, by posting the notice on the dwelling house or other conspicuous place on the premises of the defaulting purchaser, or of the purchaser’s legal representative,
19(2)On taking possession of the premises under the authority of subsection (1), the Board may deal with, lease, sell or otherwise dispose of lands so repossessed.
19(3)No overt act of repossession is necessary but the repossession is deemed to have taken place immediately at the end of 30 days after the giving or posting of the notice as the case may be.
R.S.1973, c.F-3, s.9
Agreement of sale, forfeiture and repossession
19(1)If a purchaser under this Act fails to carry out any term or condition of the agreement of sale, the Board, in addition to any other remedy provided by law or by the agreement of sale, may
(a) terminate the agreement of sale and declare the interest of the purchaser in the agreement of sale to be forfeited, and
(b) repossess the property on giving the purchaser 30 days’ notice in writing of the forfeiture and intention to repossess or, if neither the purchaser nor any of the purchaser’s legal representatives is within the Province or if the purchaser’s whereabouts is unknown, by posting the notice on the dwelling house or other conspicuous place on the premises of the defaulting purchaser, or of the purchaser’s legal representative,
19(2)On taking possession of the premises under the authority of subsection (1), the Board may deal with, lease, sell or otherwise dispose of lands so repossessed.
19(3)No overt act of repossession is necessary but the repossession is deemed to have taken place immediately at the end of 30 days after the giving or posting of the notice as the case may be.
R.S.1973, c.F-3, s.9