C-75 - Farm Credit Act

Section 22 Disposition versions

1977-12-31

22. Every loan (prêt) granted under paragraphs d and g of section 11 shall be repayable within a delay of not more than thirty-nine and one-half years, on a basis of progressive amortization determined by regulation, in equal and consecutive semi-annual instalments, including interest computed semi-annually at the rates fixed by regulation.

Every loan (prêt) on a pledge granted under paragraphs e and f of section 11 shall be repayable within the maximum delay contemplated in article 1979a of the Civil Code, on a progressive amortization basis determined by regulation, by semi-annual equal and consecutive payments comprising the interest computed semi-annually at the rate fixed by regulation.

R. S. 1964, c. 108, s. 15; 1969, c. 41, s. 10; 1972, c. 32, s. 3; 1975, c. 34, s. 7.