C-77.1 - Aquaculture Credit Act

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18. Where a borrower declares himself unable to meet his obligations at maturity, the lender may agree with him on new conditions for the repayment of the loan, provided that he obtains prior authorization therefor from the Office and that the delay granted does not prolong the term of the loan beyond each maximum term contemplated in section 9 for each class of loans determined by regulation.
1984, c. 21, s. 18.