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

Section 39 Disposition versions

2001-04-17

39. A lender ceases to be entitled to the contribution or the reduction contemplated in section 38 if,

(1)  having failed to comply with the management plan, he does not prove to the agency that his failure was not for reasons beyond his control;

(2)  he benefits by the contribution or reduction as a result of false declarations or false pretences; or

(3)  he uses the proceeds or part of the proceeds of the loan for purposes other than those for which the loan was obtained.

1983, c. 16, s. 39; 1992, c. 32, s. 43; 2000, c. 53, s. 66.

1993-06-17

39. A lender ceases to be entitled to the contribution or the reduction contemplated in section 38 if,

(1)  having failed to comply with the management plan, he does not prove to the Société that his failure was not for reasons beyond his control;

(2)  he benefits by the contribution or reduction as a result of false declarations or false pretences; or

(3)  he uses the proceeds or part of the proceeds of the loan for purposes other than those for which the loan was obtained.

1983, c. 16, s. 39; 1992, c. 32, s. 43.

1984-06-30

39. A lender ceases to be entitled to the contribution or the reduction contemplated in section 38 if,

(1)  having failed to comply with the management plan, he does not prove to the Office that his failure was not for reasons beyond his control;

(2)  he benefits by the contribution or reduction as a result of false declarations or false pretences; or

(3)  he uses the proceeds or part of the proceeds of the loan for purposes other than those for which the loan was obtained.

1983, c. 16, s. 39.