CPA · Municipal Government Act
Part 10 — Taxation Division 1 General Provisions
349 Fire insurance proceeds
are a first charge on any money payable under a fire insurance
policy for loss or damage to those improvements.
(2) Taxes that have been imposed in respect of a business are a
first charge on any money payable under a fire insurance policy for
loss or damage to any personal property
(a) that is located on the prem ises occupied for the purposes of
the business, and
(b) that is used in connection with the business and belongs to
the taxpayer.
1994 cM-26.1 s349