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

Section 47
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47. Where a loan is secured by a movable hypothec, the lender may, in such cases and on such conditions as are determined by regulation and notwithstanding section 43, grant a total or partial release of the movable securities and agree on any alteration in the securities without requiring full or partial repayment of the balance of the loan.
1983, c. 16, s. 47; 1992, c. 57, s. 547.
47. Where a loan is secured by a pledge of forest property, the lender may, in such cases and on such conditions as are determined by regulation and notwithstanding section 43, grant a total or partial release of the movable securities and agree on any alteration in the securities without requiring full or partial repayment of the balance of the loan.
1983, c. 16, s. 47.
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