BILL NO. 44

(as introduced)

2nd Session, 58th General Assembly
Nova Scotia
50 Elizabeth II, 2001

Private Member's Bill

Mechanics' Lien Act
(amended)

Darrell Dexter
Dartmouth-Cole Harbour

First Reading: May 2, 2001

(Explanatory Note)

Second Reading:

Third Reading:

This Bill requires advances against construction projects to be held in trust for tradespeople.

Be it enacted by the Governor and Assembly as follows:

1 Chapter 277 of the Revised Statutes, 1989, the Mechanics' Lien Act, is amended by adding immediately after Section 6 the following Section:

6A All sums advanced under a mortgage to an owner, the proceeds of which are to be used for the purposes of financing work or services or the provision of materials related to real property, are deemed to be held in trust for every person entitled to a lien on the property under Section 6 by reason of supplying the work, service or materials.