Hometime

Hometime · Alberta legislation

CPA Condominium Property Act

CPA · Civil Enforcement Act

Part 11 — Distributions

103 Funds protected by court proceedings

Current to 2024-06-01 · Official PDF

(1) Where interpleader proceedings are taken by a distributing
authority or an enforcement creditor, the eligible claims of creditors
who agree to contribute on a prorated basis to the cost of contesting
the adverse claim, to the extent that they are not entitled to a higher
priority, have priority pursuant to section 99(3)(d) with respect to
any portion of a distributable fund that results from or is preserved
by the proceedings.
(2) The Court may direct that insofar as the costs, including costs
on the basis of a lawyer's charges to a client, of proceedings
referred to in subsection (1) are not paid by an adverse party, those
costs must be paid out of a distributable fund that results from or is
preserved by the proceedings.
RSA 2000 cC-15 s103;2009 c53 s2