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C-75.1 - Act to promote long term farm credit by private institutions
Section 10
Disposition versions
10. Where the ownership of a farm or part of a farm which is to be hypothecated as security for a loan is based on an emphyteutic lease, that lease must conform to the standards provided by regulation. In such a case, the hypothec granted to the lender may rank after the hypothec securing the annual rent stipulated in the said lease, notwithstanding section 2.
