E-12.1 - Act to promote the establishment of young farmers

Full text
20. Where, to the knowledge of the Bureau, a natural person or a group operation who or which has received a loan is in default to conform with this Act or the Act under which the loan to which the grant applies was granted or to fulfill any obligation contracted toward the lender and arising from the loan, the payment of any instalment due in respect of the grant is deferred to the date when it is proved to the Bureau that the default has been remedied. However, if 3 years lapse before the default is remedied, the person or the group operation forfeits any right to receive any deferred payment or unpaid payment in respect of the grant for the time remaining to run of the period contemplated in section 5 or, as the case may be, section 15.
1982, c. 29, s. 20.