C-77 - Act to promote credit to farm producers

Section 22 Disposition versions

1983-06-08

22. The Government may make any regulation to:

(a)  define any expression used in sections 1 and 8;

(a.1)  clarify any expression used in sections 4.1 and 5;

(b)  determine the particulars which must be contained in, and the formalities which must be observed in regard to, the lease of a borrower who is the lessee of a farm and the emphyteutic lease of a borrower who is the emphyteutic lessee of a farm, and determine the particulars which must be contained in a partnership contract if the partnership it regards is to be such within the meaning of paragrah i of section 1;

(c)  fix the delays and conditions within and under which a physical person must undertake to make agriculture his principal occupation in order to be considered an aspiring farmer;

(d)  establish the cases where and the maximum amount beyond which a loan shall not be granted without previously obtaining the authorization of the Bureau;

(e)  fix the delays for repayment of loans, prescribe the tenor of notes or acknowledgements of debt evidencing loans, fix, where necessary, the maximum interest rate contemplated in section 11 and determine the cases where the lender must require security, the amounts of loans beyond which such security must be required and the nature of such security;

(f)  establish in which cases and on which conditions or within which limits the expenses contemplated in paragraph 5 of section 8 may be paid out of the proceeds of the loan;

(g)  determine in which cases and on which conditions a loan may be granted to repay the balance owing on a loan granted in the form of an opening of credit;

(g.1)  establish the special conditions a borrower must fulfil in order that the amount of a loan or of a line of credit may be granted to him for purposes related to any production contemplated in section 5.1;

(h)  determine the expenses of which repayment is guaranteed under section 7 and the conditions to be fulfilled by the lender in order to obtain repayment of the losses and expenses contemplated in the said section and enact any other necessary or useful measure for the execution and orderly administration of this act.

Every regulation made by virtue of this act shall come into force from its publication in the Gazette officielle du Québec or on any later date fixed therein.

1972, c. 38, s. 17; 1974, c. 33, s. 13; 1978, c. 46, s. 6; 1983, c. 8, s. 6.

1978-08-01

22. The Government may make any regulation to:

(a)  define any expression used in sections 1 and 8;

(b)  determine the particulars which must be contained in, and the formalities which must be observed in regard to, the lease of a borrower who is the lessee of a farm and the emphyteutic lease of a borrower who is the emphyteutic lessee of a farm, and determine the particulars which must be contained in a partnership contract if the partnership it regards is to be such within the meaning of paragrah i of section 1;

(c)  fix the delays and conditions within and under which a physical person must undertake to make agriculture his principal occupation in order to be considered an aspiring farmer;

(d)  establish the cases where and the maximum amount beyond which a loan shall not be granted without previously obtaining the authorization of the Bureau;

(e)  fix the delays for repayment of loans, prescribe the tenor of notes or acknowledgements of debt evidencing loans, fix, where necessary, the maximum interest rate contemplated in section 11 and determine the cases where the lender must require security, the amounts of loans beyond which such security must be required and the nature of such security;

(f)  establish in which cases and on which conditions or within which limits the expenses contemplated in paragraph 5 of section 8 may be paid out of the proceeds of the loan;

(g)  determine in which cases and on which conditions a loan may be granted to repay the balance owing on a loan granted in the form of an opening of credit;

(h)  determine the expenses of which repayment is guaranteed under section 7 and the conditions to be fulfilled by the lender in order to obtain repayment of the losses and expenses contemplated in the said section and enact any other necessary or useful measure for the execution and orderly administration of this act.

Every regulation made by virtue of this act shall come into force from its publication in the Gazette officielle du Québec or on any later date fixed therein.

1972, c. 38, s. 17; 1974, c. 33, s. 13; 1978, c. 46, s. 6.

1977-12-31

22. The Gouvernement may make any regulation to:

(a)  define any expression used in sections 1 and 8;

(b)  determine the particulars which must be contained in, and the formalities which must be observed in regard to, the lease of a borrower who is the lessee of a farm and the emphyteutic lease of a borrower who is the emphyteutic lessee of a farm, and determine the particulars which must be contained in a partnership contract if the partnership it regards is to be such within the meaning of paragrah i of section 1;

(c)  fix the delays and conditions within and under which a physical person must undertake to make agriculture his principal occupation in order to be considered an aspiring farmer;

(d)  establish the cases where and the maximum amount beyond which a loan shall not be granted without previously obtaining the advice of the Bureau;

(e)  fix the delays for repayment of loans, prescribe the tenor of notes or acknowledgements of debt evidencing loans, fix, where necessary, the maximum interest rate contemplated in section 11 and determine the cases where the lender must require security, the amounts of loans beyond which such security must be required and the nature of such security;

(f)  determine the expenses of which repayment is guaranteed under section 7 and the conditions to be fulfilled by the lender in order to obtain repayment of the losses and expenses contemplated in the same section and enact any other necessary or useful measure for the execution and orderly administration of this act.

Every regulation made by virtue of this act shall come into force from its publication in the Gazette officielle du Québec or on any later date fixed therein.

1972, c. 38, s. 17; 1974, c. 33, s. 13.