F-1.2 - Act respecting farm financing

Section 25 Disposition versions

1988-08-11

25. A short-term loan may be granted for any of the following purposes:

(1)  the purchase of breeding stock;

(2)  the purchase of agricultural tools or machinery, farm equipment or vehicles appropriate for the farming operations of the borrower and mainly used for such purpose;

(3)  the consolidation of debts incurred for purposes described in paragraphs 1 and 2;

(4)  any other purpose which, in the opinion of the Office, may render the operation of the borrower’s farming business more efficient or ensure its continuation.

1987, c. 86, s. 25.