C-79 - Act to promote special credit to agricultural producers during critical periods

Section 13 Disposition versions

1978-08-01

13. The repayment of a loan or the balance of a loan by the contracting of a new loan by the same producer shall cancel, with respect to that new loan, the right to the guarantee of the Government provided for in the first paragraph of section 6 or, as the case may be, to the guarantee contemplated in the third paragraph of the said section.

The transfer of a loan to a third person shall also cancel the right to the guarantee of the Government or, as the case may be, to the guarantee contemplated in the said section, unless such transfer is made within the limitations provided by regulation.

1972, c. 39, s. 13; 1977, c. 5, s. 14; 1978, c. 49, s. 41.

1977-12-31

13. The repayment of a loan or the balance of a loan by the contracting of a new loan by the same producer shall cancel the right to the guarantee of the Gouvernement on that new loan.

The transfer of a loan to a third person shall also cancel the right to the guarantee of the Gouvernement unless such transfer is made within the limitations provided by regulation.

1972, c. 39, s. 13; 1977, c. 5, s. 14.