Hometime

Hometime · Alberta legislation

SS Houses with a Secondary Suite

SS · Cooperatives Act

Part 11 — Trust Indentures Division 1 Interpretation and Application

249 Division 2 General Conflict of interests

Current to 2023-12-07 · Official PDF

(1) No person may be appointed as trustee if there is a material
conflict of interests between the person's role as trustee and any
other role of the person.
(2) A trustee must, no later than 90 days after the trustee becomes
aware that a material conflict of interests exists,
(a) eliminate the conflict of interests, or
(b) resign from office.