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C-75.1 - Act to promote long term farm credit by private institutions

Section 16
Disposition versions

Full text
16. Any instalment of principal or interest unpaid at maturity shall itself, pleno jure and without a putting in default, bear interest at the annual rate established in accordance with section 15 and stipulated in the deed of loan, to be computed from the date of maturity of the instalment.
1978, c. 50, s. 16.
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