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

Full text
54. The agency may guarantee execution of the obligations arising from the borrowings contemplated in section 53 by a hypothec on all or some of the claims arising from loans granted under paragraph 7 of section 37 and under sections 2 and 3 of the Forestry Credit Act (chapter C-78).
The agency may, with the written consent of the lender given at the time the borrowing was done or subsequently, substitute for any claim thus hypothecated and any other claim arising from a loan contemplated in the first paragraph.
1983, c. 16, s. 54; 1992, c. 32, s. 43; 1992, c. 57, s. 550; 2000, c. 53, s. 66.
54. The Société may guarantee execution of the obligations arising from the borrowings contemplated in section 53 by a hypothec on all or some of the claims arising from loans granted under paragraph 7 of section 37 and under sections 2 and 3 of the Forestry Credit Act (chapter C-78).
The Société may, with the written consent of the lender given at the time the borrowing was done or subsequently, substitute for any claim thus hypothecated and any other claim arising from a loan contemplated in the first paragraph.
1983, c. 16, s. 54; 1992, c. 32, s. 43; 1992, c. 57, s. 550.
54. The Société may guarantee execution of the obligations arising from the borrowings contemplated in section 53 by the transfer of the whole or a part of the debts owing to it on loans granted under paragraph 7 of section 37 and under sections 2 and 3 of the Forestry Credit Act (chapter C-78).
The Société 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.
1983, c. 16, s. 54; 1992, c. 32, s. 43.
54. The Office may guarantee execution of the obligations arising from the borrowings contemplated in section 53 by the transfer of the whole or a part of the debts owing to it on loans granted under paragraph 7 of section 37 and under sections 2 and 3 of the Forestry Credit Act (chapter C-78).
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.
1983, c. 16, s. 54.