Section 72 - Winding-up - Real Estate Act - Part 5 - Alberta Real Estate Foundation - Legislation

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Part 5 - Alberta Real Estate Foundation
Section 72 - Winding-up

72	In the event of the winding-up of the Foundation, the property of the Foundation must be used
	(a)	first in the payment of any costs incurred in the winding-up of the Foundation,
	(b)	second in the discharge of all liabilities of the Foundation, and
	(c)	third to give effect, as far as possible, to any outstanding applicable trust conditions,
	and the balance, if any, must be disposed of in accordance with the regulations.
	1995 cR-4.5 s71

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