The Business Registration Supervision and Ownership Transparency act (Various Acts Ammended)
The Manitoba government had previously introduced legislation to reduce interprovincial trade barriers while improving business ownership transparency. Some of these legislative provisions came into force on April 9, 2020, while others will be coming into effect on June 27, 2020. The...
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KEEPING IN PLACE AN "OLD MORTGAGE" WHEN PAYING OUT THE MORTGAGEE
Section 6 ("Section 6") of The Mortgage Act (Manitoba) (the "MMA") provides that where certain persons entitled to redeem a mortgage ("Redeemer") are prepared/willing/want to pay the secured debt to the mortgagee, there is a choice available to a Redeemer, other than simply getting a discharge of the mortgage and confirmation of satisfaction/payment in full of the secured debt obligation. For complete details, read Edward D. (Ned) Brown's blog here.
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TRUSTS AND INDEFEASIBLE TITLE UNDER THE TORRENS LANDHOLDING SYSTEM
Edward D. (Ned) Brown Pitblado LLP March, 2020 Assume the following fact scenario. "X" is the owner of a parcel of real estate (the "Realty"). "X" has three children and has become estranged from two of them, but maintains good relations with the third child. Fearing that the estranged...
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"OUTDATED" BUILDING RESTRICTION COVENANTS
Edward D. (Ned) Brown Pitblado LLP February, 2020 In land law, a "restrictive covenant" is an undertaking given by the owner of a parcel of land (the "burdened land") to the owner of an adjacent or a neighbouring parcel of land (the "benefitted land") whereby the burdened land owner...
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