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

Section 31
Disposition versions

Full text
31. Every forest for which a loan is granted or serving as security for a loan is subject to a management plan, until full repayment of the loan,
(1)  if the loan is obtained for a purpose contemplated in subparagraph 1 of the first paragraph of section 14; or
(2)  if the loan is obtained for one or several of the purposes contemplated in subparagraphs 4, 8 and 9 of the first paragraph of section 14 and if the loan, taking into account the balance of any former loan granted for one or several of the same purposes, exceeds the amount fixed by regulation.
1983, c. 16, s. 31.
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