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A-18 - Act to promote farm improvement

Section 8
Disposition versions

Full text
8. Each loan must be evidenced by a note or by an acknowledgement of indebtedness in the tenor prescribed by regulation or by a deed of loan; in addition, the borrower must, in the cases provided for by regulation, furnish to the lender the security specified therein.
When the borrower is the lessee or the emphyteutic lessee of a farm, his lease must comply with the standards prescribed by regulation.
R. S. 1964, c. 109, s. 5; 1965 (1st sess.), c. 40, s. 5; 1969, c. 43, s. 4; 1972, c. 33, s. 4; 1975, c. 35, s. 4.
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