The Nova Scotia Legislature

The House adjourned:
October 26, 2017.

Bill No. 48

Education Fund Protection Act

An Act to Amend Chapter 240 of the Revised Statutes, 1989, the Judicature Act, to Protect Education Funds

Introduced by:
Tim Houston
Pictou East

First Reading
Second Reading Debates
Second Reading Passed
Law Amendments Committee
Committee of the Whole House
Third Reading Debates
Third Reading
Royal Assent

Explanatory Note

This Bill provides that registered education savings plans are exempt from seizure under execution under the Judicature Act and, in doing so, by virtue of paragraph 67(1)(b) of the Bankruptcy and Insolvency Act (Canada), exempts registered education savings plans from the property of a bankrupt that may be divided among the bankrupt’s creditors.