Publications
Powers of Personal Representatives to Grant Options, Final Report 2
In common law, a personal representative has no power to grant an option to purchase property comprised in an estate, unless such power is conferred by the terms of a will. We recommend, therefore, that, subject to certain limitations, the Wills Act be amended so as to provide that where any power to sell real property is imposed or conferred upon a personal representative by the terms of a will, such authority should, in the […]
| AREA OF LAW | Property |
| TAGS | administra, devolution, estate, executor, personal representative, trustee, will |
| FORMAT | Publications |
| FILE | fr002.pdf |
| ENACTMENT |
An Act to amend The Wills Act, 1960, SA 1970, c 114 (now Wills Act, RSA 2000, c W-12, s. 30). An Act to amend The Devolution of Real Property Act, SA 1970, c 114 (now Devolution of Real Property Act, RSA 2000, c D-12, s. 12). |
June 1, 1969