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C-78 - Forestry Credit Act
Section 9
Disposition versions
9. A representative or an employee designated by the agency may, at any reasonable time, inspect hypothecated immovables, or, as the case may be, movable property securing a loan granted under this subdivision. He may do so at any time if it is required, in the circumstances, to protect a claim or the property securing a loan or to ensure that the borrower’s operation is carried on.
Moreover, in the absence of maintenance or in the case of deterioration entailing a depreciation of the security, he may do, at the borrower’s expense, any work or repairs and take any step he considers necessary to ensure that the property is kept in good condition and that forest management is carried on.
The representative or the employee designated by the agency shall, on request, identify himself and produce a certificate of his capacity issued by the agency.
9. A representative or an employee designated by the Bureau may, at any reasonable time, inspect hypothecated immovables, or, as the case may be, movable property securing a loan granted under this subdivision. He may do so at any time if it is required, in the circumstances, to protect a claim or the property securing a loan or to ensure that the borrower’s operation is carried on.
Moreover, in the absence of maintenance or in the case of deterioration entailing a depreciation of the security, he may do, at the borrower’s expense, any work or repairs and take any step he considers necessary to ensure that the property is kept in good condition and that forest management is carried on.
The representative or the employee designated by the Bureau shall, on request, identify himself and produce a certificate of his capacity issued by the Bureau.
9. The Bureau, by its representatives or employees, may at any time inspect hypothecated immoveables or, as the case may be, moveable property securing a loan granted under this subdivision, and in default of upkeep or in case of deterioration entailing diminution of security, may do, at the borrower’s expense, any work or repairs, and take any step it considers necessary to ensure their maintenance in good condition and the pursuit of forest management.
