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C-78 - Forestry Credit Act

Section 10
Disposition versions

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10. Authorization of the agency must be obtained to validate the voluntary transfer or the lease for more than one year of an immovable, as well as for the voluntary transfer or the lease of movable property, when such property secures a loan granted under this subdivision.
An association which is a borrower must inform the agency of any amendment to its partnership deed, if a partnership, or, if a legal person or cooperative association, of any issue, allotment or transfer of ordinary shares or common shares, as the case may be.
1975, c. 33, s. 10; 1999, c. 40, s. 97; 2000, c. 53, s. 66.
10. Authorization of the Bureau must be obtained to validate the voluntary transfer or the lease for more than one year of an immovable, as well as for the voluntary transfer or the lease of movable property, when such property secures a loan granted under this subdivision.
An association which is a borrower must inform the Bureau of any amendment to its partnership deed, if a partnership, or, if a legal person or cooperative association, of any issue, allotment or transfer of ordinary shares or common shares, as the case may be.
1975, c. 33, s. 10; 1999, c. 40, s. 97.
10. Authorization of the Bureau must be obtained to validate the voluntary transfer or the lease for more than one year of an immoveable, as well as for the voluntary transfer or the lease of moveable property, when such property secures a loan granted under this subdivision.
An association which is a borrower must inform the Bureau of any amendment to its partnership deed, if a partnership, or, if a corporation or cooperative association, of any issue, allotment or transfer of ordinary shares or common shares, as the case may be.
1975, c. 33, s. 10.
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