S-25.1 - Act respecting the sociétés d’entraide économique

Section 107 Disposition versions

1982-03-01

107. The Government may, by regulation, determine the classes of loans and establish for all, one or several of them, or for one or several of the loans of one class,

(1)  the total amount or proportion of assets or other elements the company may devote thereto;

(2)  the term or maximum period of amortization of such loans;

(3)  the nature of the security that may or must, as the case may be, be demanded for such loans and the proportion of the security;

(4)  the conditions and restrictions to which such loans are subject.

The Government may also, by regulation, prescribe a time limit within which companies whose loans are not in conformity with the regulation on its coming into force must comply therewith.

1981, c. 31, s. 107.