A-18 - Act to promote farm improvement

Section 16 Disposition versions

1978-08-01

16. Whenever, at the end of the term provided in section 9, a borrower has not met his obligations in full and the lender grants him a delay to pay the balance of the loan, the borrower shall no longer be entitled to the repayment of interest, but the lender shall continue to benefit by the guarantee provided in the first paragraph of section 19 or, as the case may be, by the guarantee contemplated in the third paragraph of the same section.

R. S. 1964, c. 109, s. 15; 1965 (1st sess.), c. 40, s. 10; 1978, c. 49, s. 29.

1977-12-31

16. Whenever, at the end of the term provided in section 9, a borrower has not met his obligations in full and the lender grants him a delay to pay the balance of the loan, the borrower shall no longer be entitled to the repayment of interest, but the lender shall continue to benefit by the guarantee provided in section 19.

R. S. 1964, c. 109, s. 15; 1965 (1st sess.), c. 40, s. 10.