C-78.1 - Act to promote forest credit by private institutions

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44. The authorization of the agency must be obtained in order to validate
(1)  the lease for more than one year of an immovable securing a loan or the lease of hypothecated property;
(2)  any issue, allotment or transfer, repurchase or repayment of shares of a legal person that is a borrower;
(3)  any issue, allotment, transfer or repayment of ordinary or common shares, as the case may be, of a cooperative that is a borrower;
(4)  any amendment to the contract constituting a partnership that is a borrower;
(5)  any amendment, in the case of a group of persons contemplated in paragraph 3 of section 3 that have become borrowers,
(a)  to any contract or title establishing undivided ownership, in the case of persons in undivided ownership of a forest;
(b)  to any contract establishing a lease, in the case of co-lessees of a forest; or
(c)  to any contract establishing joint harvesting, in the case of persons engaged in the joint harvesting of forest resources.
1983, c. 16, s. 44; 1992, c. 32, s. 43; 1992, c. 57, s. 546; 1999, c. 40, s. 98; 2000, c. 53, s. 66.
44. The authorization of the Société must be obtained in order to validate
(1)  the lease for more than one year of an immovable securing a loan or the lease of hypothecated property;
(2)  any issue, allotment or transfer, repurchase or repayment of shares of a legal person that is a borrower;
(3)  any issue, allotment, transfer or repayment of ordinary or common shares, as the case may be, of a cooperative that is a borrower;
(4)  any amendment to the contract constituting a partnership that is a borrower;
(5)  any amendment, in the case of a group of persons contemplated in paragraph 3 of section 3 that have become borrowers,
(a)  to any contract or title establishing undivided ownership, in the case of persons in undivided ownership of a forest;
(b)  to any contract establishing a lease, in the case of co-lessees of a forest; or
(c)  to any contract establishing joint harvesting, in the case of persons engaged in the joint harvesting of forest resources.
1983, c. 16, s. 44; 1992, c. 32, s. 43; 1992, c. 57, s. 546; 1999, c. 40, s. 98.
44. The authorization of the Société must be obtained in order to validate
(1)  the lease for more than one year of an immovable securing a loan or the lease of hypothecated property;
(2)  any issue, allotment or transfer, repurchase or repayment of shares of a corporation that is a borrower;
(3)  any issue, allotment, transfer or repayment of ordinary or common shares, as the case may be, of a cooperative that is a borrower;
(4)  any amendment to the contract constituting a partnership that is a borrower;
(5)  any amendment, in the case of a group of persons contemplated in paragraph 3 of section 3 that have become borrowers,
(a)  to any contract or title establishing undivided ownership, in the case of persons in undivided ownership of a forest;
(b)  to any contract establishing a lease, in the case of co-lessees of a forest; or
(c)  to any contract establishing joint harvesting, in the case of persons engaged in the joint harvesting of forest resources.
1983, c. 16, s. 44; 1992, c. 32, s. 43; 1992, c. 57, s. 546.
44. The authorization of the Société must be obtained in order to validate
(1)  the lease for more than one year of an immovable securing a loan or the lease of pledged property;
(2)  any issue, allotment or transfer, repurchase or repayment of shares of a corporation that is a borrower;
(3)  any issue, allotment, transfer or repayment of ordinary or common shares, as the case may be, of a cooperative that is a borrower;
(4)  any amendment to the contract constituting a partnership that is a borrower;
(5)  any amendment, in the case of a group of persons contemplated in paragraph 3 of section 3 that have become borrowers,
(a)  to any contract or title establishing undivided ownership, in the case of persons in undivided ownership of a forest;
(b)  to any contract establishing a lease, in the case of co-lessees of a forest; or
(c)  to any contract establishing joint harvesting, in the case of persons engaged in the joint harvesting of forest resources.
1983, c. 16, s. 44; 1992, c. 32, s. 43.
44. The authorization of the Office must be obtained in order to validate
(1)  the lease for more than one year of an immovable securing a loan or the lease of pledged property;
(2)  any issue, allotment or transfer, repurchase or repayment of shares of a corporation that is a borrower;
(3)  any issue, allotment, transfer or repayment of ordinary or common shares, as the case may be, of a cooperative that is a borrower;
(4)  any amendment to the contract constituting a partnership that is a borrower;
(5)  any amendment, in the case of a group of persons contemplated in paragraph 3 of section 3 that have become borrowers,
(a)  to any contract or title establishing undivided ownership, in the case of persons in undivided ownership of a forest;
(b)  to any contract establishing a lease, in the case of co-lessees of a forest; or
(c)  to any contract establishing joint harvesting, in the case of persons engaged in the joint harvesting of forest resources.
1983, c. 16, s. 44.