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C-77.1 - Aquaculture Credit Act

Section 47
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47. The Office may guarantee execution of the obligations arising from the borrowings contemplated in section 46 by the transfer of the whole or a part of the debts owing to it on loans granted under this Act.
The Office may, with the written consent of the lender given at the time the borrowing was done or subsequently, substitute for any debt thus transferred any other debt arising from a loan contemplated in the first paragraph.
1984, c. 21, s. 47.
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