C-77.1 - Aquaculture Credit Act

Section 4 Disposition versions

2999-12-31

4. Every applicant, to obtain a certificate, is required to

(1)  prove to the Office that he has the financial and moral capacity to repay the loan applied for;

(2)  be 18 years of age or over;

(3)  be resident in Québec within the meaning of the regulations;

(4)  satisfy the conditions set out by regulation as to the scale and nature of the activity he or it intends to carry on in aquaculture;

(5)  prove, if he or it is the lessee of the premises where he or it engages or intends to engage in aquaculture under an emphyteutic or ordinary lease, that the emphyteutic or ordinary lease conforms to the standards prescribed by regulation;

(6)  be a permit holder.

The occupant of an immovable under a location ticket is considered a lessee for the purposes of this Act and the location ticket is deemed to conform to the standards prescribed by regulation for an ordinary lease.

1984, c. 21, s. 4.