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48 (1) A Crown grant must issue in the name of an applicant for a disposition by purchase, subject to this Act, the regulations and the applicable terms, covenants and stipulations of any certificate of purchase, if the applicant pays the prescribed Crown grant fee and

  • (a) pays to the Minister of Finance the full purchase price, interest and all other money required to be paid for the disposition, and
  • (b) complies with the covenants, conditions and stipulations of the disposition.
  • (2) If an applicant dies and the conditions in subsection (1) are complied with, a Crown grant must issue to the personal representative of the deceased applicant.

1979-214-45; 1982-35-11; 2003-54-27, effective April 1, 2004 (B.C. Reg. 11/2004).