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

Section 5 Disposition versions

1982-09-01

5. Every grant under section 2 applies for a period of 5 years from, as the case may be, the date of the deed of loan, the date of the opening of the succession giving rise to the assumption of the loan, the date of the deed of alienation under the terms of which payment of the balance of the loan was assumed, or, where the deed of alienation requires the authorization of the lender and of the Bureau under the Act to promote long term farm credit by private institutions (chapter C-75.1), or of the Bureau alone under the Farm Credit Act (chapter C-75), or of the Farm Credit Corporation in the case of a loan granted under the Farm Credit Act (Revised Statutes of Canada, 1970, chapter F-2), the date of the deed under which any required authorization was granted.

1982, c. 29, s. 5.