Commission Trust and the Personal Property Security Act ; Condominium Act – Assessments, Defaulting Owner, Strata Corporation Priority Over a Mortgagee #272
By Gerry Neely B.A. LL.B Column No. 266 described a B.C. Court of Appeal decision that a valid trust can be created by a properly worded independent contractor contract, despite the illegality of that form of contract under the current Real Estate Act. The significance of this decision is that the trust protects the licensee’s …