Hometime

Hometime · Alberta legislation

RTA Residential Tenancies Act

RTA · Prompt Payment and Construction Lien Act

Part 2 — Creation of Lien

24 Major lien fund and minor lien fund

Current to 2025-04-01 · Official PDF

(1) When a certificate of substantial performance is issued,
(a) any lien arising out of work done or materials furnished
before the date of issue of a certificate of substantial
performance is a charge on the major lien fund, and
(b) any lien arising out of work done or materials furnished
on and after the date of issue of a certificate of substantial
performance of the contract is a charge on the minor lien
fund.
(2) When a minor lien fund does not arise under section 23, any
lien arising out of work done or materials furnished is a charge on
the major lien fund.
RSA 1980 cB-12 s15(4);1985 c14 s8