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C-37.2 - Act respecting the Communauté urbaine de Montréal
Section 306.17
Disposition versions
306.17. The Société may effect a loan for a term shorter than that indicated in the by-law contemplated in section 306.14 and determine the part of the loan that shall be renewable at maturity and the maximum term of the renewal.
Any loan made for purposes of a renewal may be effected within twelve months preceding the date of maturity of the loan to be renewed, provided that the term prescribed by the Société for the renewal does not exceed the maximum term determined in the by-law contemplated in section 306.14.
306.17. The corporation may effect a loan for a term shorter than that indicated in the by-law contemplated in section 306.14 and determine the part of the loan that shall be renewable at maturity and the maximum term of the renewal.
Any loan made for purposes of a renewal may be effected within twelve months preceding the date of maturity of the loan to be renewed, provided that the term prescribed by the corporation for the renewal does not exceed the maximum term determined in the by-law contemplated in section 306.14.
