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In This Volume

  • 249.11 (1) The Land Title and Survey Authority must establish and maintain an assurance fund for the purposes of this Part.
  • (2) The fund
  • (a) is the property of the Land Title and Survey Authority,
  • (b) must be accounted for separately from other property of the Land Title and Survey Authority,
  • (c) is not subject to any process of garnishment, attachment, execution or seizure, and
  • (d) is not subject to a trust in favour of a person who claims to have sustained a loss.
  • (3) Despite any Act, agreement or court order, a receiver must not exercise custody or control over the fund.

2004-66-116, effective January 20, 2005 (B.C. Reg. 16/2005).

CROSS REFERENCES AND OTHER SOURCES OF INFORMATION

See Di Castri, Registration of Title to Land, vol. 3, para. 974.