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C-77 - Act to promote credit to farm producers

Section 16
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Full text
16. The repayment of a loan or of the balance of a loan by means of a new loan contracted by the same borrower shall annul, with respect to such new loan, the right to the guarantee of the Government provided for in the first paragraph of section 7 or, as the case may be, the guarantee contemplated in the third paragraph of the said section.
The first paragraph does not apply in respect of a loan contracted for the purpose contemplated in paragraph 7 of section 8.
1972, c. 38, s. 13; 1974, c. 33, s. 10; 1977, c. 5, s. 14; 1978, c. 49, s. 36; 1978, c. 46, s. 5.
16. The repayment of a loan or of the balance of a loan by means of a new loan contracted by the same borrower shall annul the right to the guarantee of the Gouvernement on such new loan.
1972, c. 38, s. 13; 1974, c. 33, s. 10; 1977, c. 5, s. 14.
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