C-77.1 - Aquaculture Credit Act

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41. Where a borrower collects a sum of money on or pursuant to the transfer, expropriation or lease of property securing a loan owing from such borrower, the said sum, subject to the second paragraph of section 13, must be applied to the repayment in full or in part of the loan, unless otherwise decided by the Office.
1984, c. 21, s. 41.